Cesca Therapeutics Announces Cost Reduction Measures Aimed at Achieving Cash Flow Positive Position in 2019
CESCA THERAPEUTICS INC COMMON (KOOL)
Last cesca therapeutics inc common earnings: 8/13 04:05 pm
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US:NASDAQ Investor Relations:
investors.cescatherapeutics.com/investor-relations
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Source: PR Newswire
RANCHO CORDOVA, Calif., Oct. 16, 2018 /PRNewswire/ -- Cesca Therapeutics Inc. (NASDAQ: KOOL), a market leader in automated cell processing and point-of-care, autologous cell-based therapies, announced today the departure of Vivian Liu, Chief Operating Officer, and Joseph Balagot, Senior Vice President of Corporate Development, and one other member of the managerial team. This reduction was undertaken as part of a series of initiatives designed to lower operating losses while the Company focuses on aggressively driving growth and commercialization of its CAR-TXpress™ cellular processing platform and related X-Series™ products. Affected employees are being offered severance. "As previously reported, the initial launch of our CAR-TXpress cellular processing platform has been well received by CAR-T developers and research laboratories, who recognize the inherent value that our unique platform can offer. Focusing our efforts on continuous development and commercialization of CAR-TXpress, a
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