Edition:
India

Eloxx Pharmaceuticals Says Board Approved Leadership And Organizational Re-Alignment


Thursday, 27 Feb 2020 

Feb 26 (Reuters) - Eloxx Pharmaceuticals Inc ::ELOXX PHARMACEUTICALS INC - ON FEB 24, BOARD APPROVED A LEADERSHIP AND ORGANIZATIONAL RE-ALIGNMENT.ELOXX PHARMACEUTICALS - ORGANIZATIONAL RE-ALIGNMENT WILL RESULT IN ELIMINATION OF 13 FULL-TIME POSITIONS.ELOXX PHARMACEUTICALS - CHANGES AS A RESULT OF ORGANIZATIONAL RE-ALIGNMENT WILL TAKE PLACE EFFECTIVE MAR 1.ELOXX PHARMACEUTICALS INC - AS A RESULT OF RE-ALIGNMENT, EXPECTS TO ACHIEVE ANNUAL COST SAVINGS OF ABOUT $4.9 MILLION.ELOXX PHARMACEUTICALS- AS A RESULT OF RE-ALIGNMENT, EXPECTS TO INCUR ONE-TIME PRE-TAX CHARGE, CONSISTING OF EMPLOYEE SEPARATION COSTS OF ABOUT $1.7 MILLION.