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Business
… As Roche Cuts In Diagnostics
by Ann M. Thayer
April 29, 2013
| A version of this story appeared in
Volume 91, Issue 17
Bowing to pricing pressures and funding cuts in life sciences research, Roche Diagnostics is dissolving its applied science unit. The move will cut about 110 jobs in Penzberg, Germany, and 60 in Branford, Conn. In 2012, the applied science unit had sales of about $808 million, or 7% of Roche Diagnostics’ total. The company will integrate the unit’s sequencing instruments into its other diagnostics businesses. Roche is also returning a semiconductor-based sequencing project to England’s DNA Electronics and has ended its partnership in nanopore-based sequencing with IBM.
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