RespireRx Pharmaceuticals Inc (RSPI): Dollar savings estimate for the restruct...

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Aiming4

Re: Aiming4 post# 24441

Thursday, 03/19/2009 7:30:04 PM

Thursday, March 19, 2009 7:30:04 PM

Dollar savings estimate for the restructuring... didn't see this in the earlier PR... Aiming4.

Cortex Pharmaceuticals Inc. (COR) said it expects annual savings of $2 million to $2.5 million from its recently announced workforce reduction.

The Irvine, Calif., neuroscience company recently announced a reduction of personnel by approximately 50%.

-By Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com

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