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Biotech / Medical : Biotech Restructurings

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From: tuck	9/25/2007 12:54:50 PM
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Nanogen (NGEN) %: >>Nanogen to reduce workforce by 4 pct Fri Sep 21, 2007 2:02pm EDT Sept 21 (Reuters) - Nanogen Inc (NGEN.O: Quote, Profile, Research), a maker of advanced diagnostic systems, said it would reduce the workforce in its microarray business by 13 employees, or about 4 percent of its total workforce. On Sept. 17, the company had said it was exploring options regarding its microarray business, including a possible sale or closure of the unit. It expects to take severance related expenses of about $335,000 for the workforce reduction, the company said in a filing with the U.S. Securities and Exchange Commission. (Reporting by Deepti Chaudhary in Bangalore)<< Cheers, Tuck

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