NEW YORK, Oct. 4 – Bioinformatics company Genomica said Thursday it was eliminating 100 jobs, or 67 percent of its workforce, after determining that the company could not realize its original goals of delivering novel software tools to the genomics market.

"Our initial target market for third-party enterprise software is not developing fast enough to build stockholder value within a reasonable timeframe,” Genomica CEO Teresa Ayers said in a statement.

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