BRIEF-Infinity Pharmaceuticals Approved Plan To Reduce Co's Overall Headcount By 21 Positions

Reuters

2023/07/26

July 25 (Reuters) - Infinity Pharmaceuticals Inc

* INFINITY PHARMACEUTICALS - ON JULY 24 APPROVED PLAN TO REDUCE CO'S OVERALL HEADCOUNT BY 21 POSITIONS, REPRESENTING ABOUT 78% OF COMPANY'S WORKFORCE

* INFINITY PHARMACEUTICALS INC - WORKFORCE REDUCTION IS EXPECTED TO BE COMPLETED BY END OF Q3 OF 2023

* INFINITY PHARMACEUTICALS - EXPECTS TO INCUR ONE-TIME CHARGE IN Q3 OF 2023 OF ABOUT $3.4 MILLION FOR WORKFORCE REDUCTION

Further company coverage:

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

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