SCIQUEST RESTRUCTURES, CUTS STAFFING 30%.(Brief Article)(Statistical Data Included)

SciQuest, an online exchange for life science chemicals and laboratory equipment, and research information, will lay off 105, about 30% of its total staff. SciQuest says it will continue to operate the exchange but will focus on becoming an application service provider (ASP).

SciQuest says it expects the restructuring will cut its annualized cash outlay by $10 million-$12 million, to about $40 million. The company's stock was trading at $1.41/share last …