NLS Pharma Hits 52-Week Low After Job Cuts, Exploration of Strategic Alternatives

News Room

By Chris Wack

NLS Pharmaceutics shares were down 35% to 32 cents after the company said it is conducting an ongoing process to explore strategic alternatives to maximize shareholder value, and plans to cut 50% of its work force.

The stock hit its 52-week low of 26 cents earlier in the session Thursday, and is down 38% in the past 12 months.

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