TearLab cuts headcount in restructuring effort

TearLab Corp. (OTC:TEAR) is looking to keep its customer base and reduce the company’s cash burn rate with a new business model that will result in people losing their jobs, according to regulatory filings.

The company said that it wants to focus resources on the development of its next-gen TearLab Discovery platform.

Get the full story at our sister site, Drug Delivery Business News.

The post TearLab cuts headcount in restructuring effort appeared first on MassDevice.

from MassDevice http://ift.tt/2Dv9hcf