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Valeo Pharma Inc.

10:21 AM EST - Valeo Pharma Inc. : Has undertaken a series of initiatives to reduce operating costs and drive operational efficiency as it moves toward profitability. Valeo expects to decrease its operating expenses by more than $2.0 million, on an annualized basis, through reorganizing and streamlining its organizational structure and commercial support activities. Valeo Pharma Inc. shares T.VPH are trading unchanged at $0.18.