Amarin Announces Reorganization And Reduction Of 30% Of Non-Sales Roles; Expects Restructuring To Drive Annual Cost Savings Of Approximately $40M
Portfolio Pulse from Benzinga Newsdesk
Amarin Corporation has announced a reorganization and reduction of 30% of its non-sales roles. The company expects this restructuring to result in annual cost savings of approximately $40 million.
July 18, 2023 | 8:18 pm
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Amarin Corporation's restructuring and reduction of 30% of non-sales roles is expected to save the company approximately $40 million annually.
The announced restructuring and reduction of non-sales roles by Amarin Corporation is a significant move aimed at cost-saving. This could potentially improve the company's financial health and profitability, which may positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100