Brief: Molecular Templates Inc To Reduce Workforce By About 30%

Molecular Templates

12/04/2024 22:11

April 12 (Reuters) - Molecular Templates Inc  MTEM.O :
    * MOLECULAR TEMPLATES INC: REDUCTION IN FORCE WOULD REDUCE
COMPANY'S CURRENT WORKFORCE BY APPROXIMATELY 30%
    * MOLECULAR TEMPLATES INC - APPROVED A REDUCTION IN FORCE
    * MOLECULAR TEMPLATES INC: EXPECTS THAT REDUCTION IN FORCE
WILL BE
COMPLETE BY END OF APRIL 2024
    * MOLECULAR TEMPLATES INC - ESTIMATES THAT IT WILL INCUR
AGGREGATE
PRE-TAX CHARGES OF APPROXIMATELY $0.1 MILLION IN CONNECTION WITH
REDUCTION IN FORCE
    * MOLECULAR TEMPLATES INC - EFFECTIVE APRIL 30, & IN
CONNECTION
WITH REDUCTION IN FORCE, MAURIZIO VOI, WILL CEASE TO SERVE AS
CHIEF MEDICAL OFFICER
    * MOLECULAR TEMPLATES: REDUCTION TO EXTEND RESOURCES TO
ALLOW CO
TO CONTINUE TO SUPPORT CLINICAL STUDIES FOR MT-6402, MT-8421 AND
MT-0169

Source text for Eikon:  ID:n0001193125-24-094733 
Further company coverage:  MTEM.O 

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