Gene Logic lays off 80 employees in genomics division

By Elaine Rigoli

Tampa, Fla., Aug. 1 - Gene Logic, Inc. said it will eliminate about 80 employees in its genomics division and related corporate staff, effective Oct. 5.

The company said affected employees will be given severance and outplacement assistance costing approximately $1.5 million.

Staff in the company's preclinical and drug repositioning divisions will not be affected by this reduction.

Once fully implemented, the company said these staff reductions will reduce its annual salary and fringe-benefit costs by about $8 million.

Gene Logic, based in Gaithersburg, Md., is a biotechnology company.

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