Buffeted by Weak Sales and Restructuring, Gene Logic Weighs Future of Genomics Unit | GenomeWeb
The future of Gene Logic’s genomics and toxicogenomics division hung in the balance last week as the company announced plans to lay off 80 of the unit’s employees and a 67-percent decline in second-quarter sales dragged down total revenue by nearly half.
 
The results couldn’t have been farther from what Gene Logic had planned for its genomics business this year when CFO Phil Rohrer said in February said that for 2006 it expected its genomics business to continue to grow.
 

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