23andMe Cuts 40% of Staff, Shutters Drug Development Ahead of …

Nov 12, 2024 · 23andMe announced a 40% staff reduction and the shuttering of its drug development business, ahead of its Q2 FY25 print. The genetic testing company is laying off …

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23andMe Cuts 40% Of Staff, Shutters Drug Development Ahead Of …

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Nov 12, 2024 · 23andMe announced a 40% staff reduction and the shuttering of its drug development business, ahead of its Q2 FY25 print. The genetic testing company is laying off …

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23andMe Cuts 40% Of Its Workforce And Discontinues Therapeutics ...

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Nov 12, 2024 · NEW YORK (AP) — 23andMe is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing …

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23andMe Cuts 40% Of Its Workforce And Discontinues Therapeutics ...

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Nov 12, 2024 · 23andMe is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts to …

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23andMe Shutters Cancer Drug Research, Lays Off 40% Of Staff

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Nov 12, 2024 · 23andMe is shutting down its therapeutics development division and plans to seek out buyers to find a new home for its in-house pipeline of DNA-informed immuno-oncology …

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23andMe Cuts 40% Of Its Workforce, Discontinues All Therapy …

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Nov 11, 2024 · Genetic testing firm 23andMe said on Monday it is reducing about 40%, or 200 employees, from its workforce and discontinuing further development of all its therapies as …

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What 23andMe Business Troubles Could Mean For Millions Of Users ...

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Nov 13, 2024 · The company announced Monday that it would lay off around 40% of its workforce -- about 200 employees -- and close its drug development arm in an attempt to cut costs. On …

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23andMe Announces Business Restructuring To Streamline

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Nov 11, 2024 · Reduces workforce by roughly 40%; expects annualized cost savings of more than $35 million. Discontinues development of therapeutics division and commences strategic …

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23andMe Cuts 40% Of Its Workforce – NBC Bay Area

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Nov 12, 2024 · 23andMe is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts to …

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23andMe Layoffs: Shutters Cancer Drug Research, Cuts 40% Of …

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Nov 12, 2024 · Consumer genetics company 23andMe has announced significant restructuring, including the closure of its therapeutics development division and a substantial layoff of more …

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ME Stock Price | 23andMe Holding Co. Stock Quote (U.S.: Nasdaq ...

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2 days ago · 23andMe Cuts 40% Staff, Shutters Drug Development Ahead of Q2 Print Nov. 12, 2024 at 1:50 a.m. ET on TipRanks.com 23andMe to reduce overall headcount by 40% of …

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23andMe Cuts 40% Of Staff, Shutters Drug Development Ahead

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Nov 11, 2024 · 23andMe ($ME) announced a 40% staff reduction and the shuttering of its drug development business, ahead of its Q2 FY25 print. The genetic testing company is laying...

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BioAge Labs Reports Strong Q3 2024 Achievements - Markets …

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Nov 12, 2024 · 23andMe Cuts 40% of Staff, Shutters Drug Development Ahead of Q2 Print Tesla Option Contracts Gain on Post-Election Rally, Pushing Shares up 9% ‘Patience Running Out,’ …

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ICL Group Ltd. Reports Strong Q3 2024 Performance

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Nov 12, 2024 · 23andMe Cuts 40% of Staff, Shutters Drug Development Ahead of Q2 Print Tesla Option Contracts Gain on Post-Election Rally, Pushing Shares up 9% ‘Patience Running Out,’ …

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FAQs about 23andMe Cuts 40% of Staff, Shutters Drug Development Ahead of … Coupon?

Why is 23andMe laying off 40% of its employees?

(AP Photo/Jeff Chiu, File) NEW YORK (AP) — 23andMe is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts to slash costs. The latest restructuring efforts were announced by 23andMe on Monday. ...

Why is 23andMe reducing its workforce?

You can set your browser to block or alert you about these cookies, but some parts of the site will not work. Genetic testing firm 23andMe said on Monday it is reducing about 40%, or 200 employees, from its workforce and discontinuing further development of all its therapies as part of a restructuring program. ...

Does 23andMe have a DNA security problem?

The financial struggles of genetic testing and ancestry company 23andMe are raising questions about the security of customers' DNA and other data. The company announced Monday that it would lay off around 40% of its workforce -- about 200 employees -- and close its drug development arm in an attempt to cut costs. ...

Why did 23andMe restructure?

The latest restructuring efforts were announced by 23andMe on Monday. The company said it plans to wind down ongoing clinical trials “as quickly as practical” — and that it was currently evaluating “strategic alternatives” for assets related to its drug development and research programs, which include studies on potential cancer treatments. ...

Is 23andMe a medical company?

No. 23andMe is considered a direct-to-consumer genetic testing company, and transactions with the company are considered commercial, not medical. Because 23andMe is not a medical company, customers' personal information is not protected under the HIPAA Privacy Rule, which affords privacy protections to health records. 3. ...

Why did 23andMe's directors resign?

Back in September, all of 23andMe’s independent directors also resigned from its board — in a rare move that followed drawn-out negotiations with Wojcicki, who has been trying to take the company private. ...