On November 15, 2023, ContraFect Corporation implemented a restructuring plan resulting in a reduction to the Company?s workforce from a total of 23 employees to five employees (the ?Restructuring Plan?). The Company estimates that it will incur approximately $0.2 million of costs in connection with the Restructuring Plan related to one-time termination and other related costs, all of which are expected to be paid in cash. The Company expects all of the costs associated with the Restructuring Plan to be incurred during the quarter ending December 31, 2023.
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+6.35% | 11B |
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- ContraFect Corporation Implements Restructuring Plan Resulting in Reduction to Workforce from A Total of 23 Employees to Five Employee