BRIEF-Bioxcel Therapeutics Plans To Reduce Workforce By 15 Employees

Reuters

2024/09/19

Sept 19 (Reuters) - BioXcel Therapeutics Inc :

* BIOXCEL THERAPEUTICS INC - PLAN TO REDUCE ITS WORKFORCE BY 15 EMPLOYEES, OR ABOUT 28% OF COMPANY'S HEADCOUNT

* BIOXCEL THERAPEUTICS: PLAN TO REDUCE WORKFORCE TO EXTEND ITS CASH RUNWAY, PRIORITIZE INVESTMENT ON CLINICAL DEVELOPMENT OF ITS BXCL501

* BIOXCEL THERAPEUTICS INC - ESTIMATES IT WILL INCUR AGGREGATE CHARGES IN CONNECTION WITH CLINICAL PRIORITIZATION OF ABOUT $1.4 MILLION

* BIOXCEL THERAPEUTICS - SEES MAJORITY OF COSTS TO BE INCURRED, CLINICAL PRIORITIZATION IS EXPECTED TO BE COMPLETED, DURING QUARTER ENDING DECEMBER 31

Source text for Eikon: Further company coverage:

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

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