- Admitting that it needs to focus its resources on manufacturing and commercializing eSVS Mesh, Kips Bay Medical (NASDAQ:KIPS +2.7%) cuts its personnel from 13 to 8 and institutes temporary salary reductions for executives. According to the company, these measures will reduce its monthly operating expenses, excluding the eMESH I clinical feasibility study, to ~$200K. At this level, its quick asset balance of $3.6M will enable it to fund operations through the end of the year.