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BRIEF-Phaserx announces corporate restructuring and review of strategic alternatives
October 13, 2017 / 1:20 PM / 7 days ago

BRIEF-Phaserx announces corporate restructuring and review of strategic alternatives

Oct 13 (Reuters) - PhaseRx Inc

* PhaseRx announces corporate restructuring and review of strategic alternatives

* PhaseRx inc - ‍Reorganization includes a reduction in PhaseRx’s workforce by 10 employees​

* PhaseRx Inc - ‍Board of directors has also begun a review of strategic alternatives, including but not limited to a potential merger transaction​

* PhaseRx Inc - ‍As of June 30, 2017, PhaseRx had cash and equivalents of $8.4 million and a total of 20 employees​

* PhaseRx Inc - ‍ Board of directors has made a determination to delay development of its lead product candidate PRX-OTC​ Source text for Eikon: Further company coverage:

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