Amedica trims its organization as stock dips below a dollar

Amedica Announces Steps to Simplify Organization and Align Financial Objectives (press release)
Amedica Corporation (Nasdaq:AMDA), a company that develops and commercializes silicon nitride ceramics as a biomaterial platform, today announced the results of a comprehensive business review to improve financial performance, increase operational efficiencies, and strengthen the Company's value proposition.
The Company is executing a series of immediate strategic actions which include:

Staff reduction of 25 employees, or approximately 28% of the Company's workforce.
Reducing corporate overhead and...