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Subsequent Events
3 Months Ended
Mar. 31, 2018
Subsequent Events  
Subsequent Events

 

11.Subsequent Events

 

The Company considers events or transactions that occur after the balance sheet date but prior to the issuance of the financial statements to provide additional evidence for certain estimates and to identify matters that require additional disclosure. Subsequent events have been evaluated as required.

 

In April 2018, the Company restructured its organization to focus resources on edasalonexent. The restructuring reduced the Company’s workforce by 42% and will result in estimated one-time severance related costs of approximately $1.0 million.