Mela Sciences (MELA -7.6%) trades lower today after the company gave its presentation at...

|By:, SA News Editor

Mela Sciences (MELA -7.6%) trades lower today after the company gave its presentation at Needham's Growh Conference yesterday, saying it plans to restructure its manufacturing operations this year to "significantly reduce manufacturing costs" of MelaFind, its hand-held device identifying possible melanoma, in an effort to relieve pressure on its margins.