Reuters logo
BRIEF-Neothetics announces review of strategic alternatives
July 10, 2017 / 9:52 PM / 5 months ago

BRIEF-Neothetics announces review of strategic alternatives

July 10 (Reuters) - Neothetics Inc

* Neothetics announces review of strategic alternatives

* Neothetics Inc - ‍Intends to streamline its operations in order to preserve its capital and cash resources, including implementing a reduction in workforce​

* Neothetics Inc - ‍Neothetics has engaged Oppenheimer and Co., Inc. to act as its exclusive financial advisor to company and board for this process​

* Neothetics Inc - Has unanimously approved plans to initiate a process to explore and review a range of strategic alternatives

* Says “continue to review all operational expenses in order to facilitate our ability to enter into a strategic transaction”

* Neothetics - ‍Initiate process to explore and review range of strategic alternatives focusing on seeking acquisition, business combination or partnership​ 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