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-0.0214493456131847 -0.0335676199709162 0.00581677169171113 -0.015390208434319 -0.0335676199709162 0.0997333979641299 0.0482307319437711 0.169413475521086
Stock impact report

MEI Pharma to Consider Strategic Alternatives [Yahoo! Finance]

MEI Pharma, Inc. (MEIP) 
Last mei pharma, inc. earnings: 2/6 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.meipharma.com
Company Research Source: Yahoo! Finance
SAN DIEGO, July 22, 2024 BUSINESS WIRE )--MEI Pharma, Inc. (Nasdaq: MEIP) (the "Company") today announced that its Board of Directors has determined unanimously to begin evaluation of the Company's strategic alternatives, including potential transactions as well as an orderly wind down of the Company, if appropriate, in order to maximize the value of its assets for its stockholders. The Company intends to evaluate and engage a financial advisor to assist in this process. In order to best preserve the Company's existing cash, the Company will commence a reduction-in-force beginning as soon as practicable and continuing in stages as the Company's operational and strategic direction evolves. The Company intends to promptly discontinue the clinical development of voruciclib, while certain non-clinical activities related to MEI's drug candidate assets will continue to be conducted by the Company. Consistent with the Company's intention to preserve the cash, David M. Urso, the Company' Show less Read more
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