tiprankstipranks
Genetic Technologies Reduces Costs and Expands Global Reach
Company Announcements

Genetic Technologies Reduces Costs and Expands Global Reach

Genetic Technologies (AU:GTG) has released an update.

Don't Miss our Black Friday Offers:

Genetic Technologies Limited has significantly reduced its operating costs through a strategic restructure, cutting monthly expenses from $800k to $300k by outsourcing lab testing to its US partner. This move, combined with a strong focus on expanding their geneType and EasyDNA platforms globally, positions the company for potential growth in the B2B market, particularly in the US. Additionally, the successful ban on the use of genomic information by the life insurance industry in Australia is expected to boost consumer adoption of genetic testing.

For further insights into AU:GTG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskGenetic Technologies Enters Voluntary Administration
TipRanks Australian Auto-Generated NewsdeskGenetic Technologies Extends Securities Offer Deadline
TipRanks Australian Auto-Generated NewsdeskGenetic Technologies Extends Entitlement Offer Deadline
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App