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BRIEF-Avadel Pharmaceuticals says plans to reduce headcount in France by About 50 people

March 30 Avadel Pharmaceuticals Plc

* Avadel Pharmaceuticals announces planned reduction of french workforce

* Avadel Pharmaceuticals Plc - announced a plan to reduce its headcount in France by approximately 50 peopl

* Avadel Pharmaceuticals Plc - anticipates annual costs savings of about $3.5 to $4.0 million

* Avadel Pharmaceuticals Plc - action does not affect allocation of resources to its rest-on Phase III clinical trial or any other important pipeline initiatives

* Avadel Pharmaceuticals Plc - expects reduction to be substantially completed by end of July 2017

* Avadel Pharmaceuticals Plc- expects to incur related employee severance, benefits and other costs of approximately $2.5 to $4.0 million Source text for Eikon: Further company coverage:

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