BRIEF-Cortexyme - Co Is Further Reducing Headcount By 36%, Bringing Total Reduction To 67% From January 2022 Headcount Levels

Reuters2022-05-03

May 2 (Reuters) - Cortexyme Inc :

* CORTEXYME - CO IS FURTHER REDUCING HEADCOUNT BY 36%, BRINGING TOTAL REDUCTION TO 67% FROM JANUARY 2022 HEADCOUNT LEVELS

* CORTEXYME - MAJORITY OF CURRENT REDUCTION IN FORCE IS EXPECTED TAKE PLACE BY END OF MAY 2022, & REMAINDER IS EXPECTED BE COMPLETED BY END OF JULY 2022

* CORTEXYME - IN CONNECTION WITH CURRENT REDUCTION IN FORCE, CO ESTIMATES THAT IT WILL INCUR EXPENSES OF ABOUT $0.7 MILLION

Source text: [ID: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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