MedAvail Holdings, Inc (MDVL) Announces Strategic Restructuring, Offers Guidance
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MedAvail announces Strategic Restructuring of Business to Focus on Profitability
January 19, 2023 8:06 AM ESTCompany focusing on innovative technology and exit of pharmacy services
Restructuring to further extend capital resources
Annual cash burn expected to be reduced by greater than 65% in 2023
Company exploring financing options in connection with business transition
PHOENIX, Ariz., Jan. 19, 2023 (GLOBE NEWSWIRE) -- MedAvail Holdings, Inc. (Nasdaq: MDVL) (MedAvail), an innovative technology-enabled pharmacy company, today announced the execution of a strategic restructuring and reprioritization of its business targeted to deliver profitability.
Following an extensive review of the... More
