Aug 2 (Reuters) - Telesta Therapeutics Inc TST.TO :
* Telesta Therapeutics provides strategic update
* Termination of future expenditures on mcna
* Will close manufacturing unit in montreal,seeking buyer for this facility,reducing current intellectual property expenditures to minimum
* Implemented workforce reduction that will decrease its operational workforce, to 15 full time employees from 50 people at march 31, 2016
* Seeking to monetize two former manufacturing assets
* Will cease to expend any significant effort or funds to find a partner Source text for Eikon: ID:nCNWzDpHBa Further company coverage: TST.TO