February 8, 2018 / 1:52 PM / 5 months ago

BRIEF-Arbutus Consolidates HBV Business Around Warminster, PA Site

Feb 8 (Reuters) - Arbutus Biopharma Corp:

* ARBUTUS BIOPHARMA CORP - SITE CONSOLIDATION AND ORGANIZATIONAL RESTRUCTURING TO BETTER ALIGN ITS HBV BUSINESS IN WARMINSTER, PA

* ARBUTUS BIOPHARMA CORP - TO ACHIEVE ALIGNMENT, CO WILL REDUCE ITS GLOBAL WORKFORCE BY ABOUT 31 PERCENT AND PLANS TO CLOSE ITS BURNABY FACILITY

* ARBUTUS BIOPHARMA CORP - WILL INCUR RESTRUCTURING COSTS RELATED TO WORKFORCE REDUCTION AND SITE CLOSURE OF ABOUT $5.0 MILLION

* ARBUTUS BIOPHARMA CORP - ‍RESTRUCTURING COSTS WILL BE PRIMARILY PAID IN CASH IN Q2 OF 2018​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below