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In January, Personalis made the decision to slash its workforce by approximately 30% and took other measures, including closing their facility in China, that should chop payroll and other expenses by an estimated $20 million annually.
Over the years, Personalis has worked with several companies by providing genomic test information about the patient's cancer so that a personalized vaccine could be developed specifically for each individual patient.
Prelude Capital Management LLC purchased a new stake in Personalis in the 2nd quarter worth approximately $35,000.
This isn't just about technology; it's about giving patients and their families a clearer path forward in their fight against cancer," said Chris Hall, President and CEO of Personalis.