Amedica (AMDA) Announces 38% Headcount Reduction

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Go back to Amedica (AMDA) Announces 38% Headcount Reduction

Amedica Announces Workforce Reduction

October 5, 2016 9:15 AM EDT

SALT LAKE CITY, UT -- (Marketwired) -- 10/05/16 -- Amedica Corporation (NASDAQ: AMDA), a technology company that manufactures and commercializes silicon nitride ceramic for biomedical applications, today announced that it has reduced its workforce by approximately 38% to lower its operating expenses. The company will continue to focus on its commercial sales strategy to add new surgeons, territories, and distributors.

"We acknowledge the hard work of those affected by this decision, towards bringing silicon nitride technology to patient care," said Dr. Sonny Bal, Chairman and Chief Executive Officer of Amedica. "Consistent with our previously-announced... More