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BRIEF-Argos Therapeutics board approves plan to streamline operations
March 9, 2017 / 10:17 PM / 8 months ago

BRIEF-Argos Therapeutics board approves plan to streamline operations

March 9 (Reuters) - Argos Therapeutics Inc

* Argos Therapeutics Inc - on March 8, 2017, board approved a workforce action plan designed to streamline operations and reduce company’s operating expenses

* Argos Therapeutics Inc says under this plan, company plans to reduce its workforce by 46 employees (or 38%) from 122 employees to 76 employees

* Argos Therapeutics Inc says expects that workforce reduction will be substantially complete by end of march 2017

* Argos Therapeutics Inc - company expects that workforce reduction will decrease its annual operating costs by $5.7 million once plan is fully implemented

* Argos Therapeutics - continuing to review potential impact of reduction in force, does not believe there are any significant additional expenses at this time Source text for Eikon: Further company coverage:

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