AID Genomics closing Israeli R&D center, firing 400 employees
The global company rose to prominence in Israel over recent years following its activity in the Covid-19 testing market, but has decided to cut back its local workforce due to differences with the Ministry of Health
AID Genomics has announced that it is stopping its R&D activity in Israel and halting future investments in the country, resulting in the layoff of 400 employees.
Founded in 2018, AID Genomics develops molecular diagnostic technologies designed to elucidate the genetic DNA profile of different patients and assist physicians in selecting safe and effective treatments tailored to each patient’s genetic profile.
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