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Darden University of Virginia (USA)
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Fluidigm's Survival Battle: Turnaround in the Midst of a Genomics Revolution
Lenox, Michael; Leitner, Rachel; Linthwaite, Chris; Kulaksiz, AytugCase DARDEN-S-0339-EStrategyIn 2016, new CEO Chris Linthwaite had been brought in to turn around Fluidigm Corporation (Fluidigm), a biotechnology company based in San Francisco. Following a year of missed earnings, strong currency headwinds, product backorders, strong competition, and a lag in product demand, Fluidigm’s stock had collapsed 87% in 10 months. Fluidigm was burning through cash; it had posted yet another quarter of losses; employee morale had plummeted; and the...Starting at €8.20