Brief: Lidds Announces Cost Containment Measures

Lidds AB

27/06/2023 15:10

June 27 (Reuters) - Lidds AB  LIDDS.ST :
    * LIDDS ANNOUNCES COST CONTAINMENT MEASURES TO MAXIMISE THE
RUNWAY
TO REACH A LICENSE AGREEMENT
    * REDUNDANCIES IN COMPANY'S PERSONNEL WILL ALSO BE
CONSIDERED
    * THESE MEASURES MEAN THAT FURTHER INVESTMENTS IN CLINICAL
DEVELOPMENT WILL BE HELD BACK UNTIL LICENSING AGREEMENTS CAN BE
SECURED
    * HAS REACHED AN AGREEMENT WITH CEO, ANDERS MÅNSSON, WHICH
MEANS
THAT HE WILL WORK PART-TIME AS CEO UNTIL END AUGUST, AND AFTER
THAT HE WILL LEAVE COMPANY TO PURSUE OTHER OPPORTUNITIES

Source text for Eikon:  ID:nMFN2zYk06 
Further company coverage:  LIDDS.ST 

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