Brief: Applied Molecular Transport Inc. - On March 7 Board Approved Reduction Of Co's Workforce By 16 Employees Across All Functional Areas Of Co

Applied Molecular Transport.

09/03/2023 22:39

March 9 (Reuters) - Applied Molecular Transport Inc.
 AMTI.O :
    * APPLIED MOLECULAR TRANSPORT INC. - ON MARCH 7 BOARD
APPROVED
REDUCTION OF CO'S WORKFORCE BY 16 EMPLOYEES ACROSS ALL
FUNCTIONAL AREAS OF CO
    * APPLIED MOLECULAR TRANSPORT INC. - WILL INCUR
APPROXIMATELY $1.8
MILLION IN COSTS PRIMARILY RELATED TO SEVERANCE COSTS AND
RELATED EXPENSES
    * APPLIED MOLECULAR TRANSPORT INC. - ORGANIZATIONAL CHANGES
ASSOCIATED WITH WORKFORCE REDUCTION EXPECTED TO BE SUBSTANTIALLY
COMPLETED DURING Q1 2023
    * APPLIED MOLECULAR TRANSPORT INC. - ON MARCH 8, IN
CONNECTION
WITH WORKFORCE REDUCTION BITTOO KANWAR, DEPARTED AS CO'S CHIEF
MEDICAL OFFICER
    * APPLIED MOLECULAR TRANSPORT INC. - ON MARCH 8, 2023,
GRAHAM
COOPER INFORMED HE WAS RESIGNING FROM BOARD, AS EXECUTIVE
CHAIRMAN OF CO
    * APPLIED MOLECULAR TRANSPORT INC. - EFFECTIVE UPON COOPER’S
RESIGNATION, BOARD DECREASED SIZE OF BOARD TO SIX

Further company coverage:  AMTI.O 

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