Brief: Bioxcel Therapeutics Plans To Reduce Workforce By 15 Employees

BioXcel Therapeutics

19/09/2024 12:12

Sept 19 (Reuters) - BioXcel Therapeutics Inc  BTAI.O :
    * BIOXCEL THERAPEUTICS INC - PLAN TO REDUCE ITS WORKFORCE BY
15
EMPLOYEES, OR ABOUT 28% OF COMPANY'S HEADCOUNT
    * BIOXCEL THERAPEUTICS: PLAN TO REDUCE WORKFORCE TO EXTEND
ITS
CASH RUNWAY, PRIORITIZE INVESTMENT ON CLINICAL DEVELOPMENT OF
ITS BXCL501
    * BIOXCEL THERAPEUTICS INC - ESTIMATES IT WILL INCUR
AGGREGATE
CHARGES IN CONNECTION WITH CLINICAL PRIORITIZATION OF ABOUT $1.4
MILLION
    * BIOXCEL THERAPEUTICS - SEES MAJORITY OF COSTS TO BE
INCURRED,
CLINICAL PRIORITIZATION IS EXPECTED TO BE COMPLETED, DURING
QUARTER ENDING DECEMBER 31

Source text for Eikon:  ID:n0001104659-24-101176 
Further company coverage:  BTAI.O 

 ((Reuters.Briefs@thomsonreuters.com;))