Cesca axes three execs in cost-cutting move; shares up 2%

|About: Cesca Therapeutics Inc (KOOL)|By:, SA News Editor

Under its initiatives to lower operating costs, Cesca Therapeutics (KOOL +2.3%) announces the departures of COO Vivian Lu, SVP of Corporate Development Joseph Balagot and another unnamed member of the management team.

The company is trying to extend its cash runway to fund the continued commercialization of its CAR-TXpress cellular processing platform.

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