SEQUENOM, Inc.
SEQUENOM Announces Cost Cutting Initiative in Genetic Analysis Business
Published in Drug Law Weekly, May 12th, 2009
SEQUENOM, Inc. (NASDAQ: SQNM) announced that as a result of the continuing weak outlook in 2009 for capital equipment sales, particularly in the USA, the company has implemented cost cutting initiatives in the Genetic Analysis (GA) business to ensure the unit remains financially strong and approaches cash flow breakeven. These measures are expected to generate increased operational efficiencies and reduce costs while continuing to allow SEQUENOM to serve the needs of its current and future genetic analysis customers. In addition, SEQUENOM is also repositioning the GA business to better exploit potential synergies with the molecular diagnostic business by focusing on developing methods and...
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Source: Drug Law Weekly (2009-05-12)
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