54gene CEO steps down as the company looks to cut more jobs

News Summary

  • I am excited to see them take the company to its next phase.African genomics startup 54gene raises $25M to expand precision medicine capabilitiesAfrican genomics startup 54gene raises $15M led by Adjuvant Capital
  • 54gene co-founder and chief executive officer Dr. Abasi Ene-Obong has stepped down from his executive role, the African genomics company confirmed to TechCrunch today.The three-year-old company has appointed General Counsel Teresia L. Bost as interim CEO.
  • I’d like to thank the 54gene Board for their support over the years, and the many talented scientists and technology professionals I have had the pleasure to work with during my time at the company.
  • Though it has already let go of 95 employees, the company confirmed that it will conduct a second round of layoffs following restructuring across several departments.
  • According to the YC-backed company, it wants to focus resources on its core mission of African genomics research and equalizing precision medicine.
  • Also, when the company carried out its first round of layoffs, allegations of financial impropriety were leveled against him and his executives from a group of employees.
54gene cofounder and chief executive officer Dr. Abasi EneObong has stepped down from his executive role, the African genomics company confirmed to TechCrunch today.The threeyearold company has [+5251 chars]