Brief: Biomx Says Reducing Headcount By 50% To Further Extend Capital Resources

Tessera Defense and Homeland Security

24/05/2022 06:54

May 24 (Reuters) - Biomx Inc  PHGE.A :
    * BIOMX ANNOUNCES CORPORATE RESTRUCTURING
    * REDUCING HEADCOUNT BY 50% TO FURTHER EXTEND CAPITAL
RESOURCES
    * CASH RUNWAY EXTENDED TO AT LEAST MID-2024
    * ATOPIC DERMATITIS PROGRAM WILL BE DELAYED DUE TO
RESTRUCTURING
    * CYSTIC FIBROSIS PROGRAM REMAINS ON TRACK WITH INITIAL
READOUT
FROM PHASE 1B/2A STUDY OF BX004 EXPECTED IN Q3 OF 2022
    * COMPANY INTENDS TO REDUCE ITS CURRENT OPERATING COSTS

Source text for Eikon:  ID:nBwbJvWcxa 
Further company coverage:  PHGE.A 

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