Titan Medical Implements Cost-Cutting Measures To Support Strategic Review Process

Published on December 06, 2022 09:23 AM EST

Dec 6 (Reuters) - Titan Medical Inc:

* TITAN MEDICAL IMPLEMENTS COST-CUTTING MEASURES TO SUPPORT STRATEGIC REVIEW PROCESS

* TITAN MEDICAL INC - U.S. SUBSIDIARY WILL BE TEMPORARILY FURLOUGHING ABOUT 40 EMPLOYEES AT ITS CHAPEL HILL, NORTH CAROLINA FACILITY EFFECTIVE IMMEDIATELY

* TITAN MEDICAL INC- COMPANY WILL LIMIT WORK TO TASKS RELATED TO STRATEGIC REVIEW PROCESS, IDE FILING

* TITAN MEDICAL INC- COMPANY WILL LIMIT WORK TO TASKS RELATED TO FULFILLING CERTAIN OTHER CONTRACTUAL DEVELOPMENT AND SUPPLY OBLIGATIONS

* TITAN MEDICAL INC- COST-CUTTING MEASURES WILL IMPACT TIMING AND COSTS OF COMPANY'S MILESTONES

* TITAN MEDICAL - WITHDRAWING ALL FORWARD-LOOKING STATEMENTS INCLUDED IN ITS CONTINUOUS DISCLOSURE DOCUMENTS AND OTHER DOCUMENTS FILED ON SEDAR OR EDGAR Source text for Eikon: Further company coverage:

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