Tuesday, November 15, 2016

UniQure to cut up to 25% of Staff

http://www.uniqure.com/investors-newsroom/press-releases.php

uniQure expects to realize €5 to €6 million of annualized cost savings
in personnel and other related operating expenses as a
result of the elimination
of approximately 50 to 60 positions, or 20% to 25% of global headcount,
by the end of 2017. Additionally, the Company expects to
further reduce planned
operating expenses by €11 to €15 million over the next two years through
the focusing of its pipeline. Based on its strong cash position
and the above actions,
uniQure believes its existing cash resources will be
sufficient to fund operations into 2019

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