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Acutus Cuts Jobs To Reduce Cash Burn, Drive Adoption Of Cardiac Mapping System

 
• By Reed Miller

The electrophysiology company announced it will reduce its workforce and take other cost-reduction measures to reduce its annual spending by $23m-$25m. Analysts suspect the company will need to raise more money from investors in 2022 or try to be acquired by a larger company.

Cutting The Costs/ Inflation Comes Back - Image
• Source: Shutterstock

Acutus Medical announced a plan to increase adoption of its AcQMap cardiac arrhythmia mapping consoles, drive procedure-volume growth in specific geographic regions, and refine the “scope” of its product-development programs.

The company also plans to reduce its manufacturing operations, among other cost-cutting measures, to reduce its quarterly “cash-burn rate” by...

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