Aralez Announces Reduction In U.S. Sales Force And Cost Savings Program
ARALEZ PHARMACEUTICALS INC COMMON SHARES (ARLZ)
Last aralez pharmaceuticals inc common shares earnings: 5/8 06:57 am
Check Earnings Report
US:NASDAQ Investor Relations:
aralez.com/investors
Company Research
Source: PR Newswire
-32% Reduction in the U.S. Sales Force--Strategic Realignment of Resources with an Emphasis on the Zontivity® Launch--Support Yosprala® with Direct Selling Efforts Only--Company Commences Spend Reductions Across Business- MISSISSAUGA, Ontario, April 5, 2017 /PRNewswire/ -- Aralez Pharmaceuticals Inc. (NASDAQ: ARLZ) (TSX: ARZ) (Aralez or the Company) today announced that it has begun implementing a program of cost savings initiatives with the immediate aim of providing additional financial flexibility while maximizing the value of its assets. The plan includes a 32% reduction in the U.S. sales force and realignment of certain financial resources to support a successful phased launch of Zontivity® that is expected to begin in mid-April, together with a significant decrease in marketing spend on Yosprala®. The Company has also commenced other initiatives that are expected to reduce spending across the business, some of which were already assumed in the Company's previously issued financ
Show less
Read more
Impact Snapshot
Event Time:
ARLZ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ARLZ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ARLZ alerts
High impacting ARALEZ PHARMACEUTICALS INC COMMON SHARES news events
Weekly update
A roundup of the hottest topics