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BRIEF-Threshold Pharmaceuticals says to cut about a quarter of its workforce - SEC Filing
September 29, 2016 / 9:42 PM / in a year

BRIEF-Threshold Pharmaceuticals says to cut about a quarter of its workforce - SEC Filing

Sept 29 (Reuters) - Threshold Pharmaceuticals Inc:

* Says implementing a workforce reduction constituting approximately a quarter of the company’s workforce - SEC Filing

* As a result of the workforce reduction, co estimates to record in Q4 a one-time severance-related charge about $0.9 million

* Says notified employees affected by the workforce reduction on September 29, 2016

* Says expects to complete the workforce reduction by October 7, 2016

* Threshold pharmaceuticals inc says on September 29, Stewart Kroll, COO, notified that his position would be eliminated as part of workforce reduction

* Undertaking workforce reduction to reduce expenses, preserve capital while focusing efforts on studies of Evofosfamide Source text for Eikon: (bit.ly/2dvbRSC) Further company coverage:

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