Close Menu

restructuring

Merck this week announced a broad restructuring that will include the elimination of roughly 8,500 jobs and a reduction in the company's annual operating expenses by $2.5 billion by the end of 2015.

NEW YORK (GenomeWeb News) – Fitch Ratings today affirmed its long-term rating on Agilent Technologies' debt at 'BBB+' and revised its outlook to stable from positive, following Agilent's announcement earlier in the day that it would

NEW YORK (GenomeWeb News) – Agilent Technologies announced today that it will split into two publicly-traded companies — one focused on its life science and diagnostics business and the other on its electronic measurement business.

NEW YORK (GenomeWeb News) – Norwegian biomarker diagnostics firm DiaGenic today announced the initiation of a cost reduction program, which includes the elimination of an undisclosed number of jobs.

NEW YORK (GenomeWeb News) – Mayo Clinic in Florida said today that it has received a $5 million private donation to help fund the launch and operations of a new clinical center in Jacksonville that will use genomic technologies to tailor treatments to individual patients.

NEW YORK (GenomeWeb News) – GeneNews today announced a restructuring of the company that includes the resignation of its President and COO Gailina Liew and a reduction in headcount of about 60 percent of its staff.

NEW YORK (GenomeWeb News) – Luminex said after the close of the market Wednesday that it will undertake a restructuring that will result in an undisclosed number of employees being laid off and its Brisbane, Australia office being closed.

NEW YORK (GenomeWeb News) – Scientific informatics firm Accelrys reported after the close of the market Wednesday that its second-quarter revenues increased nearly 2 percent year over year, as it announced cost-cutting measures including the termination of 80 positions.

NEW YORK (GenomeWeb News) – Thermo Fisher Scientific took charges of $18.2 million during the first quarter associated with a reduction in headcount of about 315 employees, the company said in its Form 10-Q this week.

NEW YORK (GenomeWeb News) – Roche said this morning that it will dissolve its Applied Science Business Area by the end of this year and integrate products from that business with other parts of its Diagnostics Business Area.

Pages

Bloomberg Law writes that the Genetic Information Nondiscrimination Act may work better as a privacy, rather than anti-discrimination, law.

TechCrunch reports that Linda Avey has a new personal genomics startup that's focusing on India.

A new report finds that though the US has increased its activity in science and engineering, its global share of that activity has fallen in some areas, according to Inside Higher Ed.

In Nature this week: genomic analysis of rapeseed, universal target enrichment method for metagenomic sequencing, and more.