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GenVec cuts 30% of jobs over revenue uncertainties

This article was originally published in Scrip

Executive Summary

GenVec's stock price bounced up and down $0.10 in both directions on 25 September when the Gaithersburg, Maryland-based company announced that it will eliminate 23 jobs, or 30% of its work force, but the stock ultimately remained steady, closing at $1.69 per share from $1.68 the day before.

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