Brief: Obseva SA Announces Progress On Restructuring Initiatives

Obseva SA

13/09/2022 12:05

Sept 13 (Reuters) - Obseva SA  OBSN.S :
    * OBSEVA ANNOUNCES PROGRESS ON RESTRUCTURING INITIATIVES
    * OBSEVA SA - $7.6 MILLION ANNUAL SAVINGS EXPECTED VIA
REDUCTION-IN-FORCE CURRENTLY UNDERWAY
    * OBSEVA SA - $6.2 MILLION SAVINGS EXPECTED FROM ASSIGNMENT
OF
LEGACY LINZAGOLIX PROGRAM CONTRACTS TO KISSEI PHARMACEUTICAL
CO., LTD
    * OBSEVA SA - BOARD HAS AUTHORIZED TERMINATION OF ABOUT 70%
OF
EMPLOYEES, INCLUDING KATJA BUHRER, CHIEF STRATEGY OFFICER
    * OBSEVA SA - EXPECTS TO SUBSTANTIALLY COMPLETE TERMINATIONS
DURING Q4 OF 2022

Source text for Eikon:  ID:nGNX3dMLgg 
Further company coverage:  OBSN.S 

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