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Ambion has been around for 17 years, but the decision to sell it came down to 30 seconds, recalls Bruce Leander, president of the Austin, Texas-based company. Leander says that last July, Ambion founder Matt Winkler stepped into his office and was mulling over the idea of starting up a diagnostic company, and wondering how to get funding for it. "He said, ‘What do you think about selling Ambion?'" Leander says. "I thought about it for half a minute and I said, ‘I think that's a great idea.'"

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