Affy 'Reassessing' Strategy, Focus after 'Challenging' Q2, New CEO Says | GenomeWeb

This story was originally posted on July 28.

By Justin Petrone

Affy's 10-percent revenue decline in the second quarter, due to a loss of market share to competitors and rival technologies, has caused its new CEO to "reassess" the company's strategy and focus.

During his first earnings call as CEO, Frank Witney acknowledged the challenges the firm faces and admitted that Affy has been "slow to respond to technology changes" in the market.

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