Nabriva to terminate all employees not deemed necessary for wind-down

To preserve cash in order to adequately fund an orderly wind down and enable a sale of its assets, Nabriva plans to terminate all employees, including officers of the Company, not deemed necessary to execute an orderly wind-down of the Company. Nabriva estimates that it will incur approximately $6M for severance and other employee termination-related costs in the first quarter of 2023.