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Ciphergen s CFO Abruptly Resigns; Shares Slide 7 Percent

NEW YORK, March 23 (GenomeWeb News) - Matthew Hogan, Ciphergen's chief financial officer, has resigned, according to documents filed by the company with the Securities and Exchange Commission today.

 

Hogan will "provide consulting services" to the company and receive his current salary for up to six months, according to the filing.

 

Daniel Caserza was named interim CFO. Caserza joined Ciphergen in 1999. He became a vice president in April 2005.

 

News of his resignation caused shares in Ciphergen to slide 6.9 percent, or $.12, to $1.63 in afternoon trade.

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