23andMe laid off 100 people—14% of its workforce—today as the company struggles with declining DNA testing kit sales by rachsandl
: DNA and health testing giant 23andMe said it laid off 100 people—14% of its workforce—on Thursday as the company struggles with declining DNA testing kit sales.
The layoffs were company-wide, but did not impact its therapeutics arm, which is developing new drugs through a partnership with U.K.-based pharmaceutical giant GSK, a company spokesperson toldIn the near term, 23andMe will focus on its core business: selling DNA kits to customers and drug development, while scaling back efforts to recruit patients from 23andMe’s database for clinical trials, the spokesperson said.
In an interview with CNBC, CEO Anne Wojcicki said declining sales “surprised” her and might have to do with worries about privacy as customers grow concerned about where their health data is going and ifIn 2018, 23andMe generated an estimated $475 million in revenue from 5 million customers, but it has yet to turn a profit.: 23andMe analyzes saliva samples and allows customers to see their family ancestry as well as a map of health risks for certain diseases.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Laid-off Philadelphia refinery workers struggle with shrinking sectorThird-generation Philadelphia oil refinery worker Lee Murray wore his late fathe...
Leer más »
Hot off a sale, snowboarder Shaun White looks to sell second Malibu homeAfter selling a scenic Malibu home for $11.8 million, snowboarder Shaun White has listed the a two-story spot right next to it for $10.995 million.
Leer más »
Johnson & Johnson’s Profit, Sales RiseJohnson & Johnson had sales increases in its pharmaceuticals and consumer-products divisions but a slight decline in its medical-devices business
Leer más »
Oil declines as market surplus forecast counters Libya worriesOil prices eased on Wednesday, extending declines as the International Energy Ag...
Leer más »
Tekashi 6ix9ine’s girlfriend leaks picture of them in jailTekashi 6ix9ine’s girlfriend leaks jail pic and says 'he had no choice but to snitch'
Leer más »
Suspects wanted to create 'civil war' by attacking Richmond gun rally: ProsecutorsFormer Canadian Armed Forces reservist accused of plotting attack at pro-gun rally in Virginia with two alleged white supremacists ordered to remain in federal custody.
Leer más »