Brief: Pulse Biosciences Says On March 31, 2022, Company Initiated A Plan To Reduce Its Operating Expenses, Preserve Financial Resources

Pulse Biosciences

31/03/2022 22:21

March 31 (Reuters) - Pulse Biosciences Inc  PLSE.O :
    * PULSE BIOSCIENCES INC - ON MARCH 31, 2022, COMPANY
INITIATED A
PLAN TO REDUCE ITS OPERATING EXPENSES, PRESERVE FINANCIAL
RESOURCES
    * PULSE BIOSCIENCES -  INITIATED PLAN TO FOCUS ITS SALES AND
MARKETING EFFORTS ON INCREASING UTILIZATION OF COMMERCIAL CELLFX
SYSTEMS
    * PULSE BIOSCIENCES INC - THE ACTIONS ARE EXPECTED TO RESULT
IN
REDUCTION OF TOTAL OPERATING EXPENSES IN 2022 OF ABOUT 20% FROM
CURRENT RUN RATE
    * PULSE BIOSCIENCES INC - EXPECTS A REDUCTION IN ITS CURRENT
WORKFORCE BY ABOUT 15 TO 20%, TO BE COMPLETED WITHIN A FEW WEEKS
    * PULSE BIOSCIENCES INC - RESTRUCTURING ACTIONS ASSOCIATED
WITH
THE CHARGES ARE EXPECTED TO BE COMPLETE IN 2022
    * PULSE BIOSCIENCES INC - HAS INITIATED OPERATING EXPENSE
REDUCTION PROGRAMS ACROSS COMPANY
    * PULSE BIOSCIENCES - BOARD APPROVED CHANGES TO  COMMERCIAL
LEADERSHIP, RESTRUCTURING OF COMMERCIAL FIELD ORGANIZATION AND
REDUCTIONS IN OTHER EXPENSES

Further company coverage:  PLSE.O 

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