Brief: Prophase Labs Secures Global Private Equity Backing, Nears Major Lozenge Deal, Plans Significant Cost-Cutting Measures

Prophase Labs

11/12/2024 13:40

Dec 11 (Reuters) - Prophase Labs  PRPH.O :
    * PROPHASE LABS: SECURES GLOBAL PRIVATE EQUITY BACKING,
NEARS
MAJOR LOZENGE DEAL, PLANS SIGNIFICANT COST-CUTTING MEASURES
    * PROPHASE LABS:  JAY SCHWARTZ WILL ASSIST CO IN PURSUING
STRATEGIC ALTERNATIVES INCLUDING A POTENTIAL SALE OF PHARMALOZ
    * PROPHASE LABS:  FINALIZING COST-SAVING MEASURES TARGETING
NON-CORE OPERATIONS THAT WILL REDUCE OPERATING EXPENSES BY AT
LEAST $6 MILLION/YEAR

Source text:  ID:nGNX9zCrNg 
Further company coverage:  PRPH.O 

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