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Trevena Implements Cost-Cutting Measures Amid Leadership Changes

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Trevena Implements Cost-Cutting Measures Amid Leadership Changes

Trevena ( (TRVN) ) has provided an update.

On January 31, 2025, Trevena implemented cost-cutting measures resulting in the resignation of Dr. Scott Braunstein from its Board of Directors and Audit Committee, as well as the termination of Katrine Sutton, Vice President of Finance Planning and Analysis. These changes were not due to any disagreements about the company’s operations or policies. Despite her termination, Ms. Sutton will continue serving as the principal financial and accounting officer and has entered a consulting agreement with the company effective February 1, 2025.

More about Trevena

YTD Price Performance: 5.03%

Average Trading Volume: 5,012

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $1.44M

For detailed information about TRVN stock, go to TipRanks’ Stock Analysis page.

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