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DiaGenic cuts jobs

Norwegian biomarker diagnostics firm DiaGenic initiates a cost reduction program, which includes the elimination of an undisclosed number of jobs.

The program is set to reduce the company’s operational expense level while and at the same time maximizing DiaGenic’s flexibility related to corporate development initiatives while retaining core capabilities for its current business critical operations, said the company. DiaGenic says that cost saving upon full effect is estimated to be in excess of NOK 600 thousand per month.