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AMDL Orders Salary Cuts, Layoffs

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AMDL, a Tustin maker of medical diagnostic kits, said Friday it has implemented stringent cost-cutting measures to conserve cash, including slashing the pay of its three top executives by 50%.

The company also laid off two of its 11 workers and cut in half the compensation of board members. The belt-cinching was necessary to ensure that AMDL has the cash needed to market and distribute its two proprietary products, the company said.

“We’ve been existing on investor funding for a number of years and that’s dwindling,” said Chief Financial Officer Harry Berk, whose $80,000 annual salary was slashed to $40,000. “It was a step taken to have what we have last as long as possible until we can attract funding.”

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Other executives with shrinking paychecks are Chief Executive That T. Ngo, whose annual salary was $222,000 before the cuts, and Thomas V. Tilton, director of corporate development, who made $80,000 a year.

AMDL, founded in 1987, has been immersed in research and development and only recently brought to market its two core products, a cancer detection kit and a test that detects a bacterium that causes ulcers, Berk said.

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