BRIEF-Frequency Therapeutics To Reduce About 55% Workforce

Reuters

2023/06/07

June 6 (Reuters) - Frequency Therapeutics Inc :

* FREQUENCY THERAPEUTICS INC - ON MAY 31, CO ANNOUNCED A REDUCTION IN FORCE OF APPROXIMATELY 55% OF ITS WORKFORCE

* FREQUENCY THERAPEUTICS INC - REDUCTION WILL BE COMPLETED BY JUNE 9, 2023

* FREQUENCY THERAPEUTICS INC - TOTAL COSTS RELATED TO REDUCTION ESTIMATED TO BE ABOUT $1.16 MILLION IN FUTURE CASH OUTLAYS

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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