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leoncio1

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leoncio1

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Tuesday, 12/09/2008 1:29:35 AM

Tuesday, December 09, 2008 1:29:35 AM

Post# of 1898
News out: XTL Biopharmaceuticals says it is restructuring operations

12/8/2008 6:48 PM ET (RTTNews) - XTL Biopharmaceuticals Ltd. (XTLB:


News ) said on Monday that it is restructuring its operations following the failure of the Bicifadine Phase 2b clinical trial. The company is terminating the employment of 9 employees, representing 75% of its workforce.

The company said that the remaining employees will be responsible for seeking potential assets or a company to merge into XTL, or for assisting in the liquidation and/or disposition of XTL's assets.

by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com


http://www.rttnews.com/Content/QuickFacts.aspx?Node=B1&Id=796570%20&Category=Quick%20Facts
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