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Axovant to restructure, cut staff

Published 02/15/2018, 09:30 AM
© Reuters.  Axovant to restructure, cut staff
  • Axovant Sciences (NASDAQ:AXON) reports that it has initiated a restructuring program that includes a reduction in headcount. It expects to complete the layoffs and transfers and record a $1.5M charge in fiscal Q3. Management says the move will save $6M - 8M in annualized operating costs, although partially offset by the costs of outsourcing certain services.
  • Previously: Axovant shakes up management, CEO and COO out (Feb. 12)
  • Now read: CRISPR And Axovant: What The Market Thinks


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