54Gene's $45m funding couldn't prevent biotech startup collapse

54Gene’s $45m funding couldn’t prevent biotech startup collapse

Despite $45m funding, Nigerian biotech startup 54Gene folds after 4 years

Abasi Ene-Obong, Founder and CEO of 54gene

…seeks buyers to take over assets 54Gene, a genomics startup co-founded by Abasi Ene-Obong, has initiated the folding up of its operations after securing $45 million in funding. The company initiated the process in July 2023, according to Business Insider. Its website has become inaccessi

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