Enzon Pharmaceuticals (ENZN -2.8%) hits a new 52-week low after disclosing in a regulatory...

|About: Enzon Pharmaceuticals, Inc. (ENZN)|By:, SA News Editor

Enzon Pharmaceuticals (ENZN -2.8%) hits a new 52-week low after disclosing in a regulatory filing late yesterday that it's reducing its workforce from 19 employees to 12. It expects to incur about $1.3M in charges related to the reduction in force, due to cash expenditures for one-time employee termination benefits and associated costs. The company expects to record the charges and complete the reduction by the end of Q1.