|Bid||0.8200 x 4000|
|Ask||0.8200 x 1000|
|Day's Range||0.7620 - 0.8700|
|52 Week Range||0.6200 - 11.1800|
|Beta (5Y Monthly)||1.93|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 24, 2022 - Aug 29, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.00|
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The drugmaker is cutting one-third of its U.S. commercial workforce as part of a plan to save $50 million. The move comes as the biotech industry sees cuts across the board as the highs of the pandemic fade away.
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RedHill Biopharma Ltd. (Nasdaq: RDHL) ("RedHill" or the "Company"), a specialty biopharmaceutical company, today reported its first quarter 2022 financial results and operational highlights, targeting positive cash from operations1 to start during H2/22 and recent implementation of a comprehensive cost reduction plan, expected to generate operational cost savings of approximately $50 million over the next 18 months.