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Stock impact report

Prothena Announces Corporate Restructuring

Prothena Corporation plc - Ordinary Shares (PRTA) 
Last prothena corporation plc - ordinary shares earnings: 2/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.prothena.com
Company Research Source: Business Wire
DUBLIN--(BUSINESS WIRE)--Prothena Corporation plc (NASDAQ:PRTA) today announced that the Company has initiated an approximate 63% reduction in its workforce to substantially reduce its operating costs to those necessary to support its remaining wholly owned programs, its obligations to partnered programs, and its anticipated business development activities.“We have incredible Prothenians who are among the industry’s most talented professionals and have dedicated their careers to advancing new treatments for patients,” said Gene Kinney, Ph.D., President and Chief Executive Officer, Prothena. “I want to express my sincere gratitude to each Prothenian being affected by today’s announcement and thank them for their passion toward our mission to treat diseases caused by protein dysregulation.”The board, management, and Company’s financial advisors are collectively evaluating a comprehensive range of business options to best serve the interest of its shareholders that consider the impli Show less Read more
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