BioSig Announces Cost Reductions to Improve its Financial Standing and Shifts its Core Strategy
BioSig Technologies, Inc. (BSGM)
NASDAQ:AMEX Investor Relations:
biosigtech.com
Company Research
Source: GlobeNewswire
Cost Savings Targeted to Reduce Cash Burn by 50% Core Strategy Shifts to Business Development and Distribution Partnerships Westport, CT, Jan. 30, 2024 (GLOBE NEWSWIRE) -- BioSig Technologies, Inc. (NASDAQ: BSGM) ("BioSig" or the "Company"), a medical technology company committed to delivering unprecedented accuracy and precision to intracardiac signal visualization, today announced a workforce reduction, intended to reduce annual cash burn by 50%. The Company is reducing its internal workforce, which is expected to be completed by January 31. The Company is also shifting its business model and seeks to partner with organizations for sales distribution and clinical support of its PURE EP™ Platform. "BioSig is at an important juncture, and we are taking steps to streamline our corporate structure. We are grateful to those employees who are affected by the impact of these changes. Their hard work and dedication were integral to bringing the PURE EP™ Platform
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- BioSig Engages Consulting Firm for Business Model StrategiesGlobeNewswire
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- BioSig Announces Reduction of its Workforce [Yahoo! Finance]Yahoo! Finance
- BioSig Announces Reduction of its WorkforceGlobeNewswire
BSGM
Sec Filings
- 4/16/24 - Form 10-K
- 4/2/24 - Form NT
- 3/18/24 - Form 8-K
- BSGM's page on the SEC website