Brief: Interpace Biosciences Announces Path Forward In Letter To Shareholders
17/02/2021 02:28
Feb 16 (Reuters) - Interpace Biosciences Inc IDXG.O :
* INTERPACE BIOSCIENCES ANNOUNCES PATH FORWARD IN LETTER TO
SHAREHOLDERS
* COMPANY HAS NOW PUT IN PLACE A RESTRUCTURING AND
REPRIORITIZATION PLAN
* COMPANY WILL SEEK TO ACHIEVE ANNUALIZED SAVINGS OF
APPROXIMATELY
$7.2 MILLION FROM ITS COST STRUCTURE
* IN ANTICIPATION OF BEING DELISTED FROM NASDAQ, COMPANY HAS
APPLIED TO BE LISTED ON OTCQX
* ANTICIPATE THIS WILL HELP COMPANY REALIZE $4.5-$4.9
MILLION IN
COST SAVINGS BY END OF 2021, NET OF INVESTMENTS
Source text for Eikon: ID:nGNX9F3VCx
Further company coverage: IDXG.O
((Reuters.Briefs@thomsonreuters.com;))