* Neothetics announces review of strategic alternatives

* Neothetics Inc - ‍Intends to streamline its operations in order to preserve its capital and cash resources, including implementing a reduction in workforce​

* Neothetics Inc - ‍Neothetics has engaged Oppenheimer and Co., Inc. to act as its exclusive financial advisor to company and board for this process​

* Neothetics Inc - Has unanimously approved plans to initiate a process to explore and review a range of strategic alternatives

* Says "continue to review all operational expenses in order to facilitate our ability to enter into a strategic transaction"

* Neothetics - ‍Initiate process to explore and review range of strategic alternatives focusing on seeking acquisition, business combination or partnership​ Source text for Eikon: Further company coverage: