Medivir streamlines in effort to keep ship afloat

17 October 2018

Sweden’s Medivir (Nasdaq: MVIR) says it will reduce activities “not critical to its development pipeline of drug candidates,” including cutting around 60 staff, as part of a cost-cutting plan.

The firm is also exploring strategic alternatives for its research stage projects and organization.

Medivir said earlier this week it would replace Christine Lind as chief executive, with immediate effect, just 18 months after she took up the position.

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