Brief: Pharmacolog I Uppsala Intends To Implement Cost Reductions

Perpetua Medical AB (publ)

02/10/2023 09:06

Oct 2 (Reuters) - Pharmacolog I Uppsala AB (publ)
 PHLOGb.ST :
    * INTENDS TO IMPLEMENT COST REDUCTIONS
    * INITIATING A COST-SAVING PROGRAM THAT WILL SIGNIFICANTLY
REDUCE
ONGOING OPERATING COSTS WHILE STREAMLINING COMPANY ORGANIZATION
TO SUPPORT EXISTING CUSTOMERS AND EXTERNAL DISTRIBUTORS
    * IMPLEMENTATION OF COST-REDUCING MEASURES WILL START
IMMEDIATELY
AND WILL BE FULLY IMPLEMENTED BY JANUARY 2024
    * AT FULL EFFECT, MEASURES WILL REDUCE OPERATING COSTS BY AT
LEAST
35% COMPARED TO OPERATING COSTS OF FULL YEAR 2022, THIS
CORRESPONDS TO A SUM OF AT LEAST SEK 10 MILLION
    * DIRECT SALES EFFORTS HAVE NOT MET EXPECTATIONS OF COMPANY
AND
ITS SHAREHOLDERS

Source text for Eikon:  ID: 
Further company coverage:  PHLOGb.ST 

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