March 25, 2020 / 12:09 AM / 10 days ago

BRIEF-Crescita Therapeutics Announces Measures In Response To Covid-19 Virus

Crescita Therapeutics Inc:

* CRESCITA THERAPEUTICS ANNOUNCES MEASURES IN RESPONSE TO COVID-19 VIRUS

* CRESCITA THERAPEUTICS INC - WILL BE TEMPORARILY CLOSING ITS OFFICE AND PRODUCTION FACILITY IN LAVAL, QUÉBEC,

* CRESCITA THERAPEUTICS INC - FACILITY CLOSURE WILL RESULT IN TEMPORARY LAYOFFS AFFECTING MOST PRODUCTION AND OFFICE PERSONNEL

* CRESCITA THERAPEUTICS INC - PRODUCT DISTRIBUTION THROUGH COMPANY’S THIRD-PARTY LOGISTICS PROVIDER WILL REMAIN OPERATIONAL WITH REDUCED CAPACITY.

* CRESCITA - CANADIAN CLIENTS IN AESTHETIC AND MEDICAL AESTHETIC MARKETS TEMPORARILY CLOSED RESULTING IN SUBSTANTIALLY DECREASED CANADIAN PRODUCT SALES

* CRESCITA THERAPEUTICS INC - ANTICIPATES THAT ROYALTIES FROM INTERNATIONAL SALES OF ITS PRODUCTS WILL BE ADVERSELY AFFECTED BY LOWER DEMAND

* CRESCITA THERAPEUTICS INC - MEMBERS OF EXECUTIVE TEAM, BOARD AGREED TO TEMPORARY BASE SALARY OR FEE REDUCTIONS RANGING BETWEEN 25% AND 40% Source text for Eikon: Further company coverage:

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