SNPs Pink Slips at DNA Sciences


DNA Sciences’ recent staff changes suggest a directional shift from traditional genomics to developing and commercializing diagnostic and drug-discovery products. The company fired chairman and CEO Hugh Reinhoff, whose position was assumed by former chief business officer Steve Lehrer. Suffering from what observers noted as a high cash burn rate, the company will also lay off roughly half of its 175-member workforce, according to a spokeswoman, who adds that most of the personnel cuts would be at the Fremont, Calif., headquarters.

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