Spectrum Pharmaceuticals Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Health Care : Biotechnology | Small Cap Value
Company profile

Spectrum Pharmaceuticals, Inc. is a biopharmaceutical company. The Company is focused on acquiring, developing, and commercializing targeted oncology therapies. The Company's product portfolio consists of in-development drug products for the treatment of cancer patients. The Company's pipeline products include Eflapegrastim and Poziotinib. The Eflapegrastim is a long-acting granulocyte colony-stimulating factor (G-CSF) for chemotherapy-induced neutropenia. Poziotinib is a, pan-HER inhibitor that irreversibly blocks signaling through the Epidermal Growth Factor Receptor (EGFR) family of tyrosine-kinase receptors, including HER1 (erbB1; EGFR), HER2 (erbB2), HER4 (erbB4), and HER receptor mutations. The Eflapegrastim employs a LAPSCOVERY technology to enhance the duration of therapeutic effects and reduce the frequency of administration.

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Google looks to shed 10,000 'poor performing' workers: report

11:51 am ET November 23, 2022 (MarketWatch)

By Jon Swartz

Another major tech titan is bracing for thousands of layoffs.

Alphabet Inc.'s (GOOGL)(GOOGL) Google is considering 10,000 layoffs -- or 6% of its worldwide workforce -- based on a ranking system that would eliminate the lowest-ranked "poor performing" employees, according to a report in The Information.

"Earlier this year, we launched Googler Reviews and Development (GRAD) to help employee development, coaching, learning and career progression throughout the year. The new system helps establish clear expectations and provide employees with regular feedback," a Google spokesperson told MarketWatch in a statement.

The spokesperson declined to comment on potential job cuts.

For Google, which has avoided the bloodletting of much of its Big Tech brethren, a slumping ad market and grim macroeconomic conditions give it no other choice but to tighten its belt. Alphabet executives have said it is essential to make the company 20% more efficient. In July, Alphabet CEO Sundar Pichai unfurled Simplicity Sprint to increase efficiency during a wobbly economy.

The ever-expanding list of tech companies shedding workers is growing by the day. On Tuesday, HP Inc. (HPQ) said it plans to layoff off 4,000 to 6,000 employees over the next three years. Last week, Cisco Systems Inc. (CSCO) announced its intent to slash 5% of its workers. Earlier this month, Facebook parent company Meta Platforms Inc. (META) said it is eliminating more than 11,000 jobs.

For more, see:HP, Amazon, Cisco, Roku, Meta, Twitter, Intel: Here are the companies in the layoffs spotlight

Meanwhile, drama continues to unfold at Twitter Inc., where new owner Elon Musk has overseen thousands of layoffs and mass resignations the past few weeks that have seriously damaged the company's reputation and operations.

Shares of Google are up 1% in late-morning trading Wednesday.

-Jon Swartz


(END) Dow Jones Newswires

November 23, 2022 11:51 ET (16:51 GMT)

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