Salarius Pharmaceuticals Announces Plans To Explore Strategic Alternatives And Implement Measures To Extend Its Resources
Portfolio Pulse from Happy Mohamed
Salarius Pharmaceuticals, Inc. (NASDAQ:SLRX) has announced plans to explore strategic alternatives and implement measures to extend its resources. The company has retained Canaccord Genuity, LLC to lead a comprehensive review of strategic alternatives including an acquisition, merger, reverse merger, divestiture of assets, licensing or other strategic transactions. Salarius is also implementing a cost-savings plan that includes a reduction in workforce by over 50% of its positions.
August 08, 2023 | 9:59 pm
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Salarius Pharmaceuticals is exploring strategic alternatives and implementing cost-saving measures, which could impact the company's stock in the short term.
The announcement of strategic alternatives exploration and cost-saving measures, including a significant workforce reduction, could lead to uncertainty among investors, potentially negatively impacting the stock price in the short term.
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