Core Insights - Scorpius Holdings, Inc. has announced strategic cost-saving measures expected to save over $2 million annually [1][2] - The measures include divesting non-core assets and optimizing operational efficiency to enhance financial position and focus on high-margin growth areas [2][3] - The CEO emphasized the commitment to profitability and positive cash flow through disciplined cost management and operational efficiency [3] Company Overview - Scorpius Holdings, Inc. is an integrated contract development and manufacturing organization (CDMO) focused on advancing biologic programs [4] - The company provides a range of analytical testing, process development, and manufacturing services to pharmaceutical and biotech companies [4] - Scorpius operates state-of-the-art facilities in San Antonio, TX, and is dedicated to high-quality biologics biomanufacturing [4]
Scorpius Holdings Announces Implementation of New Cost Savings Measures Expected to Save Over $2 Million Annually