Brief: Willow Optimizes To Focus On Near-Term Revenue Generation, Reduce Cash Burn

Atlas Energy

07/12/2022 12:59

Dec 7 (Reuters) - Willow Biosciences Inc  WLLW.TO :
    * WILLOW FURTHER OPTIMIZES ITS BUSINESS TO FOCUS ON
NEAR-TERM
REVENUE GENERATION AND REDUCE CASH BURN
    * WILLOW BIOSCIENCES INC- HAS TAKEN ADDITIONAL STEPS TO
FOCUS ON
NEAR-TERM REVENUE GENERATION, PROTECT ITS BALANCE SHEET AND
REDUCE ITS CASH BURN
    * WILLOW BIOSCIENCES INC- AN EXTENSIVE REVIEW OF CO'S
WORKFLOWS
RESULTED IN TOTAL REDUCTION OF NON-RESEARCH AND DEVELOPMENT
WORKFORCE OF EIGHT PERSONS
    * WILLOW BIOSCIENCES INC- CURRENT TOTAL HEADCOUNT OF 31 OF
WHICH
77% ARE IN RESEARCH AND DEVELOPMENT AND OPERATIONS
    * WILLOW BIOSCIENCES INC- INTENDS TO APPROVE A FULLY FUNDED
BUDGET
WHICH COVERS ENTIRETY OF 2023

Source text for Eikon:  ID:nCNWCDw6xa 
Further company coverage:  WLLW.TO 
 ((Reuters.Briefs@thomsonreuters.com;))