MEI Pharma (MEIP) to Consider Strategic Alternatives

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Go back to MEI Pharma (MEIP) to Consider Strategic Alternatives

MEI Pharma to Consider Strategic Alternatives

July 22, 2024 8:30 AM EDT

Company Commences a Cash Preservation Plan Including a Reduction in Force

SAN DIEGO--(BUSINESS WIRE)-- MEI Pharma, Inc. (Nasdaq: MEIP) (the Company) today announced that its Board of Directors has determined unanimously to begin evaluation of the Companys strategic alternatives, including potential transactions as well as an orderly wind down of the Company, if appropriate, in order to maximize the value of its assets for its stockholders. The Company intends to evaluate and engage a financial advisor to assist in this process.

In order to best preserve... More