NEW YORK,  March 12 – DoubleTwist CEO John Couch said Monday that the company’s withdrawal of its IPO last week was nothing but “a tactical financial move,” noting that the company has enough cash to last through the year.

While leaving open the possibility of raising money through a private placement or a merger, Couch said he would focus on boosting the company’s revenues from subscriptions to its annotated databases of genomic data and associated bioinformatics tools.