Brief: Biovica Announces Cost Reduction Program In Sweden And US

Biovica International AB

23/04/2024 15:04

April 23 (Reuters) - Biovica International AB
 BIOVICb.ST :
    * BIOVICA SAVES SEK 30 MILLION/YEAR AND INVESTIGATES NEW
GO-TO
MARKET MODEL IN US
    * ANNOUNCES A COST REDUCTION PROGRAM IN SWEDEN AND US
    * PROGRAM TO RESULT IN ANNUAL COST SAVINGS OF APPROXIMATELY
SEK 30
MILLION AND A RESTRUCTURING COST OF SEK 8 MILLION
    * WITH A PLANNED NEW GO-TO-MARKET MODEL, BIOVICA IS REDUCING
ITS
WORKFORCE
    * COST SAVINGS WILL IMPACT RESULT FOR Q4 OF 2023/2024

Source text for Eikon:  ID:nMFN32xSQJ 
Further company coverage:  BIOVICb.ST 

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