Subsequent Events |
9 Months Ended | ||
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Sep. 30, 2020 | |||
Subsequent Events [Abstract] | |||
Subsequent Events |
On November 9, 2020, the Company implemented a strategic restructuring initiative, and corresponding reduction in workforce, aimed at reducing operating expenses, while maintaining key personnel needed to successfully commercialize ANJESO. The Company is taking this action in our efforts to control operating expenses during the pandemic. The restructuring initiative includes a reduction of workforce of approximately 40 positions. The Company estimates that it will incur approximately $1,500 of costs in connection with the reduction in workforce related to severance pay and other related termination benefits. The Company communicated the workforce reduction on November 9, 2020 and expects the majority of the costs to be incurred during the quarter ending December 31, 2020. The Company expects to complete the strategic restructuring initiative and corresponding reduction in workforce during the quarter ending December 31, 2020. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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