On May 3, 2017, the Board of Directors of Aralez Pharmaceuticals Inc. voluntarily agreed to a reduction of their cash retainers as part of the Company’s recently announced cost savings program. Specifically, the non-employee members of the Board have agreed to reduce their annual cash retainers by 50% for the next twelve months.
Perhaps this move was seen by investors as an act of desperation. If there was other ARLZ news today, I missed it.