Alligator Bioscience increases focus on clinical development
Lund, Sweden, 7 April 2020 – Alligator Bioscience (Nasdaq Stockholm: ATORX), announced today that the company has decided to increase its focus on the clinical development portfolio. In order to secure value for its clinical drug candidates, Alligator will reduce investments in non-clinical activities. This includes certain staff reductions. Alligator will retain its innovation platform and discovery research to secure the long-term development of the company. These measures will result in an annual cost reduction of over SEK 80 million, allowing the company to be financed for another 18