Celera to Focus on Drug Discovery
By Biotechdaily staff writers
Posted on 24 Jun 2002
An organizational restructuring has been announced by Celera Genomics (Rockville, MD, USA) that will focus the company's resources on drug discovery and development, while assuring continued support for its information business.Posted on 24 Jun 2002
As part of the restructuring, 16% of the company's workforce and 132 positions are being eliminated, primarily in the areas of DNA sequencing, data management and analysis support, sales, and general administration. This move will reduce the infrastructure built to support the whole-genome sequencing and the acquisition of customers for the Online/Information business.
The restructuring is designed to realign the organization with Celera's drug discovery strategy. This strategy is based on the identification and validation of therapeutic targets from proteomics, genomics, and bioinformatics; and the development of new biologics and small molecule drugs. All of Celera's therapeutic R&D activities will be consolidated under a new manager.
"We also plan to add downstream development capabilities to allow us to further advance selected compounds from our preclinical programs toward clinical trials,” said Kathy Ordonex, president of Celera Genomics.
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