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Paracel Closes Down Operations

NEW YORK, Sept. 29 (GenomeWeb News) - Paracel, a Celera Genomics subsidiary, has closed down its operations, the company said yesterday.


In a notice posted on its website, the Pasadena, Calif.-based bioinformatics tool provider said that as of Sept. 28, it has discontinued all operations except for ongoing support to its current contract customers.


No further information was immediately available from Paracel.


Two years ago, GenomeWeb News reported that Paracel's future as a Celera unit was uncertain. The company has been providing genome researchers with bioinformatics hardware systems, including GeneMatcher and BlastMachine.


Paracel was founded in 1992 to commercialize data-filtering technology developed by TRW for government applications. Together with researchers from Caltech and Applied Biosystems, the firm programmed the FDF system for genomic data analysis.

The company became a wholly owned subsidiary of Applera after Celera acquired it in a stock-for-stock transaction in June 2000. The company is based in Pasadena, Calif., and has offices in San Jose, Calif., Columbia, Md., and the UK.

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