A Worker Adjustment and Retraining Notification announcing the permanent layoff of 310 employees at Spokane Valley-based Incyte Diagnostics is said to be a formality stemming from a recent acquisition agreement.
Spokane Valley-based Incyte Diagnostics has agreed to sell select assets of its clinical and anatomic pathology testing businesses to Burlington, North Carolina-based Labcorp (NYSE: LH).
Noticing a growth in venture capital-funded startups in the biosciences sector, the Health Sciences & Services Authority of Spokane County has expanded its charter to support entrepreneurial companies.