03:41 PM EST - Labopharm Inc. : announced that it has further reduced its workforce, eliminating 23 positions. Following the reduction, Labopharm will have 71 employees to support its continuing operations. The reduction in workforce is expected to result in incremental cost savings of approximately $2.7 million annually. In aggregate, workforce reductions in 2011 are expected to result in costs savings of approximately $6.5 million annually. Labopharm Inc.
shares T.DDS are trading down $0.005 at $0.16.
