Cardo Medical, Inc. Announces Layoffs (Press Release)
Cardo Medical, Inc. (OTCBB:CDOM), sells knee, hip and spine implant systems. Cardo Medical acquired the assets of Vertebron in October 2009.
Cardo terminated 15 of its 30 employees in varying functions and that its CEO, Andrew Brooks, M.D. and COO, Michael Kvitnitsky have agreed to forego their salaries for the foreseeable future.