Diagnostic Testing & Technology Report
September 2006
Gene Logic Trims Slumping Genomics Division and Teams With FDA
In the wake of a 67% ($9.5 million) decline in second-quarter revenue for its genomics division, Gene Logic (Gaithersburg, MD) has announced that it will restructure the division, cutting about 80 jobs effective October 5 for an estimated savings of $8 million in salary and benefit costs. The cuts are the result of a larger, ongoing strategic review of the business that the company plans to complete this month.
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September 2006 - Table of Contents
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