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Costs Associated with Exit or Disposal


On October 28, 2015, Biodel Inc. ("Biodel") committed to a restructuring plan resulting in a reduction in force affecting 10 employees, none of whom are executives. The restructuring plan is primarily designed to reduce infrastructure costs and improve efficiency of research- and quality-related activities as Biodel focuses on later stage clinical development programs.

Employees directly affected by the reduction in force have received notification and will be provided with severance payments and continuation of benefits for a limited term. The positions impacted are across Biodel's research, quality control and assurance and administrative and facilities departments. As a result of the restructuring plan, Biodel estimates that it will incur one-time cash se verance payments of approximately...