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Endo cutting 90 positions as it will stop sales of cellulite treatment Qwo

Dec. 06, 2022 5:07 PM ETEndo International plc (ENDPQ) StockBy: Jonathan Block, SA News Editor2 Comments

Person Cutting Headcount Using Scissors

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  • Endo International (OTCPK:ENDPQ) will eliminate 90 positions in the wake of a decision to end the production and sales of Qwo, its treatment for cellulite in female buttocks.
  • The company said that it was influenced by reports of bruising following initial treatment as well as the potential for prolonged skin discoloration with the product.
  • The decision should result in annualized pre-tax cash savings of $50M-$60M. The company expects to record a pre-tax restructuring charge of $235M-$250M this quarter. 

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