Pulse Biosciences surges after naming new CEO, cutting jobs

Pulse Biosciences

20/09/2022 21:51

** Shares of biotech Pulse Biosciences Inc  PLSE.O  up 12.2%
at $1.56 in extended trading
    ** Co announces executive reshuffle, names insider Kevin
Danahy chief executive officer  urn:newsml:reuters.com:*:nBw2FKKkha
    ** Current CEO Darrin Uecker to take on newly created role
of chief technology officer
    ** Co also nearly halves headcount to 66, while bagging a
$65 mln loan agreement with majority shareholder Robert Duggan
    ** YTD, stock has plummeted 91%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))