Brief: Graybug Vision Says Board Approved Certain Operational And Organizational Steps

Calcimedica

23/08/2022 11:21

Aug 23 (Reuters) - Graybug Vision Inc  GRAY.O :
    * GRAYBUG VISION INC -  ON AUGUST 18, BOARD APPROVED CERTAIN
STRATEGIC, OPERATIONAL AND ORGANIZATIONAL STEPS
    * GRAYBUG VISION-  STEPS INCLUDE TERMINATION OF ALL
ACTIVITIES
RELATING TO CO'S GB-102 AND GB-401 PROGRAMS
    * GRAYBUG VISION INC -  STEPS INCLUDE A REDUCTION IN
WORKFORCE OF
APPROXIMATELY 70%
    * GRAYBUG VISION INC - CO TO TAKE A RESTRUCTURING CHARGE OF
$4.3
MILLION TO $5.0 MILLION, TO RECOGNIZE DURING QTRS ENDING
SEPTEMBER 30 AND DECEMBER 31

Source text for Eikon: (ID:https://bit.ly/3pzMqpo)
Further company coverage:  GRAY.O 

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