PolyPid Ltd. (PYPD) Announces Cost Reduction Plan

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PolyPid Announces Cost Reduction Plan

October 20, 2022 7:09 AM EDT

Reduction of Approximately 20% in Organization Headcount

Company Expects to Extend Cash Runway into Q3 2023

PolyPid Intends to Discuss Regulatory Pathway for D-PLEX100 for Prevention of Surgical Site Infections in Abdominal Surgery with U.S. and EU Regulatory Authorities in Q1 2023

PETACH TIKVA, Israel, Oct. 20, 2022 (GLOBE NEWSWIRE) -- PolyPid Ltd. (Nasdaq: PYPD) (PolyPid or the Company), a late-stage biopharma company aiming to improve surgical outcomes, today announced a cost reduction plan, including a 20% reduction in... More