Brief: Kinnate Biopharma To Cut 56% Workforce

Kinnate Biopharma

16/01/2024 21:28

Jan 16 (Reuters) - Kinnate Biopharma Inc  KNTE.O :
    * KINNATE BIOPHARMA INC: COMPANY WILL REDUCE ITS WORKFORCE
BY
APPROXIMATELY 56% TO A TOTAL OF 12 REMAINING FULL-TIME EMPLOYEES
    * KINNATE BIOPHARMA INC: ON JAN 9, COMMITTED TO IMPLEMENT
FURTHER
WORKFORCE REDUCTION
    * KINNATE BIOPHARMA INC: EXPECTS TO INCUR ONE-TIME COSTS OF
APPROXIMATELY $1.2 MILLION IN Q1 OF 2024 IN CONNECTION WITH
WORKFORCE REDUCTION

Further company coverage:  KNTE.O 

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