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MDS Proteomics Plans Two New Service Businesses

NEW YORK, March 4 (GenomeWeb News) - MDS Proteomics plans to launch two service-based businesses and will not start new research collaborations this year, MDS said in its earnings report for the first quarter of its fiscal year 2004 today.

 

The new businesses "will leverage existing capabilities and assets in the rapidly growing areas of protein analysis and biomarker development," according to MDS. The company hopes they will generate near-term revenue and help MDS Proteomics become sustainable.

 

MDS Proteomics is currently trying to raise funding for the service businesses from partners, stakeholders, and third parties, MDS said.

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