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Sequenom Shares Surge 15.3 Percent On News of Q4 MassArray Placements

NEW YORK, Jan. 5 (GenomeWeb News) - Shares in Sequenom were up 15.3 percent at $1.44 in strong volume in mid-afternoon trade after the company said it has delivered nine MassArray systems during the fourth quarter.

 

The San Diego-based high-throughout-genotyping company said the placements bring to 20 the total systems delivered in 2004. Sequenom added that the recently approved MassArray Compact system helped drive the placements.

Sequenom began selling the compact MassArray in September 2003. The product, which is 73 percent smaller than the full-size system, takes 45 minutes to run a single plate, according to a company spokesperson. The standard MassArray platform takes around 25 minutes.

Another difference is that the compact system holds two chips per plate, whereas the larger one holds 10. With its softer throughput and a price tag of around $285,000 without the liquid handler - the larger instrument runs around $500,000 - the spokesperson, who has since left the company, said the junior platform will be marketed to smaller academic labs and to the clinical-research market.

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