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DewDiligence

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DewDiligence

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Re: DewDiligence post# 199199

Friday, 02/05/2016 9:31:54 AM

Friday, February 05, 2016 9:31:54 AM

Post# of 251590
OGXI lays off 27% of workforce:

http://finance.yahoo.com/news/oncogenex-announces-reduction-force-extend-210100072.html

OncoGenex Pharmaceuticals, Inc. announced today that it is implementing a plan to reduce operating expenses, including a workforce reduction of approximately 27%. The Company expects cost savings associated with the reduction of employees and consultants, together with the elimination of certain planned expenditures not required for the completion of ongoing trials, will extend cash runway into the third quarter of 2017.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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