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Home » Business, Policy & Funding » Business News » Veritas Genetics Halts US Operations, Lays Off More Than 30

Veritas Genetics Halts US Operations, Lays Off More Than 30

Dec 05, 2019
|
staff reporter

NEW YORK – Veritas Genetics is shutting down its US operations, at least temporarily, due to financial troubles.

Mirza Cifric, the company's CEO, told GenomeWeb that the firm ran out of funds because a planned financing fell through, which was "very abrupt and unexpected," and that it started laying off most of its US staff, more than 30 employees, earlier this week.

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