Aeterna Zentaris downsizes 28%

|By:, SA News Editor

As part of the roll-out of its global resources optimization program, Aeterna Zentaris (AEZS +1.9%) will cut 25 employees to reduce its workforce to 65 by year end. As it transitions into a commercial enterprise, it plans to streamline its R&D function and increase its commercial operations.

Global restructuring charges and cost savings will be disclosed when they become better defined.