Brief: Theratechnologies Says Co To See Tapering of R&D Activites, Cut Up To 25 Positions

Theratechnologies

24/10/2023 12:18

Oct 24 (Reuters) - Theratechnologies Inc  TH.TO :
    * THERATECHNOLOGIES ANNOUNCES OPERATIONAL UPDATE
    * CHANGES TO ITS OPERATIONS THAT WILL SEE A TAPERING OF
RESEARCH
AND DEVELOPMENT ACTIVITIES, WHICH NECESSITATES A REDUCTION OF UP
TO 25 POSITIONS.
    * EXPECTS TO REALIZE RECURRING YEARLY SAVINGS OF
APPROXIMATELY
US$3.5 MILLION RESULTING FROM THIS REORGANIZATION
    * WILL RECORD A RESTRUCTURING CHARGE OF APPROXIMATELY US$1.5
MILLION IN ITS Q4 OF 2023

Source text for Eikon:  ID:nGNXXkrbX 
Further company coverage:  TH.TO 

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