NEW YORK (GenomeWeb News) – Commonwealth Biotechnologies said today that it has closed the sale of its bioanalytical and genetic testing businesses, and that it plans to continue its planned purchase of Shanghai-based peptide manufacturer GL Biochem.

CBI said it sold its testing businesses, CBI Services and Fairfax Identity Laboratory, to Bostwick Laboratories, a pathology lab company based in Richmond, Va., for a cash consideration and a five-year commitment to an ongoing property lease.

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