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JNP - Juniper Pharmaceuticals Inc News Story

$11.5 0.0  0.0%

Last Trade - 13/08/18

Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £40.0m
Position in Universe th / 6849

BRIEF-Juniper Pharmaceuticals announces strategic reprioritization

Mon 18th September, 2017 9:05pm
Sept 18 (Reuters) - Juniper Pharmaceuticals Inc  JNP.O  
    * Juniper Pharmaceuticals announces strategic 
    * Juniper Pharmaceuticals Inc - Company will begin to focus 
its research and development organization on JNP-0201 for 
hormone replacement therapy 
    * Juniper - Actions are expected to result in cost savings 
that will position Juniper to achieve at least a cash flow 
neutral position for 2018 
    * Juniper Pharmaceuticals Inc - As a result of focused 
research and development strategy, company will implement an 
approximately 8% headcount reduction 
    * Juniper Pharmaceuticals Inc - Company also expects to 
reduce its overall new product research and development spend in 
connection with its revised focus 
    * Juniper Pharmaceuticals Inc - Bridget Martell, M.D., chief 
medical officer, will be stepping down from company effective 
today, September 18, 2017 
    * Juniper Pharmaceuticals - Headcount reduction will result 
in estimated annual savings in personnel-related costs of about 
$1.9 million beginning in 2018 
    * Juniper  - Estimates it will incur charges of about $0.6 
million to $0.7 million for one-time severance and other 
employee related costs in Q3 
Source text for Eikon:  ID:nPn9b5Nlra  
Further company coverage:  JNP.O  
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