The commercialisation firm will cut cash operating expenses by more than 40% year-on-year, while SciFluor Life and Precision Biopsy received $9m in financing between them.

Commercialisation firm Allied Minds intends to pare back its operating costs by more than 40% year-on-year as it braces itself for what the firm described as “challenging capital markets” ahead. Allied Mind’s headquarters cash operating expenses are expected to be $5.6m less than in 2018. The firm’s chief executive, Jill Smith, has agreed to reduce…

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