After restructuring, Transgenomic leans on services | GenomeWeb

With the layoff of 60 employees and the sale of its money-losing oligonucleotide-manufacturing facility announced in November, Transgenomic aims to save between $10 million and $12 million annually.

“We really see the transformation of our revenues from more of a hardware provider to more of a services and maintenance provider as you look out into the future,” Transgenomic CFO Mike Summers says.

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