From GlobeNewswire: 2025-05-04 20:00:00

Scorpius Holdings, Inc. initiates a cost optimization program expected to save over $6 million annually. The company is also exploring opportunities to expand into Southeast Asia by establishing a halal-certified biomanufacturing presence in Malaysia. The strategic restructuring includes a 28% reduction in headcount and realignment of non-core expenditures. These actions aim to streamline operations and position the company for sustainable growth. Scorpius is in discussions with Malaysian stakeholders to address the unmet need for halal-certified biopharmaceutical products in Muslim-majority markets. The company also appointed Tan Sze Thuan to the Board of Directors to support global expansion efforts.



Read more at GlobeNewswire: Scorpius Holdings Announces Corporate Update Including Cost