Athersys Inc ATHX:NASDAQ

Last Price$0.25Cboe Real-Time Last Sale as of 3:57PM ET 8/15/22
Cboe Real-Time Quotes
Realtime quote and/or trade prices are not sourced from all markets
Today's Change-0.005(2.11%)
Bid (Size)$0.25 (100)
Ask (Size)$0.25 (200)
Day Low / High$0.25 - 0.26
Volume7.0 M

Athersys Reducing Workforce by 70% to Cut Costs -- Shares Fall 7% After-Hours

5:40PM ET 6/02/2022 MT Newswires
Athersys (ATHX) said Thursday it is cutting its workforce by up to 70% as part of its restructuring plan to lower costs and focus on existing clinical programs.

Most of the layoffs are expected to be completed by the end of June.

President and Chief Operating Officer William Lehmann left the company on May 31, while Chief Scientific Officer John Harrington and Chief Financial Officer Ivor Macleod will leave on June 30.

Price: 0.21, Change: -0.02, Percent Change: -6.98