NEW YORK (GenomeWeb News) – Compugen today reported a 23 percent increase in its fourth-quarter loss and "insignificant" revenues of $11,000 for the three-month period ended Dec. 31.

The Tel Aviv, Israel-based computational biology firm said that its revenues declined from $90,000 for the fourth quarter of 2007.

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Consulting company McKinsey says diagnostics companies will have to combine genomic data analysis, electronic medical records, effective reimbursement strategies, and regulatory compliance in order to win.

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