BRIEF-Targacept updates on job cuts, to close laboratory operations

Oct 8 (Reuters) - Targacept Inc :

* Takes further actions to align resources with corporate objectives

* Says will close its laboratory operations by the end of 2012

* Says with the reduction in force announced today, Targacept will have 43 employees

* Continues to expect that its cash resources will be sufficient to fund operating requirements through at least 2015

* Estimates one-time severance & other charges related to reduction in force of $1.5 million will be incurred in Q4

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