Brief: Titan Medical Implements Cost-Cutting Measures To Support Strategic Review Process
06/12/2022 14:23
Dec 6 (Reuters) - Titan Medical Inc TMD.TO :
* TITAN MEDICAL IMPLEMENTS COST-CUTTING MEASURES TO SUPPORT
STRATEGIC REVIEW PROCESS
* TITAN MEDICAL INC - U.S. SUBSIDIARY WILL BE TEMPORARILY
FURLOUGHING ABOUT 40 EMPLOYEES AT ITS CHAPEL HILL, NORTH
CAROLINA FACILITY EFFECTIVE IMMEDIATELY
* TITAN MEDICAL INC- COMPANY WILL LIMIT WORK TO TASKS
RELATED TO
STRATEGIC REVIEW PROCESS, IDE FILING
* TITAN MEDICAL INC- COMPANY WILL LIMIT WORK TO TASKS
RELATED TO
FULFILLING CERTAIN OTHER CONTRACTUAL DEVELOPMENT AND SUPPLY
OBLIGATIONS
* TITAN MEDICAL INC- COST-CUTTING MEASURES WILL IMPACT
TIMING AND
COSTS OF COMPANY'S MILESTONES
* TITAN MEDICAL - WITHDRAWING ALL FORWARD-LOOKING STATEMENTS
INCLUDED IN ITS CONTINUOUS DISCLOSURE DOCUMENTS AND OTHER
DOCUMENTS FILED ON SEDAR OR EDGAR
Source text for Eikon: ID:nGNX1dH0w
Further company coverage: TMD.TO
((Reuters.Briefs@thomsonreuters.com;))
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