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Telechem Commences Business under Arrayit Name; Names Management

NEW YORK (GenomeWeb News) – Telechem International, which was purchased by publicly traded Integrated Media Holdings for approximately $23 million earlier this month, announced that the merged firm has commenced operations under the name Arrayit Company.
 
The former shareholders of privately held Telechem now own 73.5 percent of the combined company, which now has its headquarters at Telechem’s base in Sunnyvale, Calif.
 
In addition, the firm announced the management team following the deal. Rene Schena, who was CEO of Telechem, is now chairperson of the board of directors and CEO; microarray pioneer Mark Schena, who was a consultant to Telechem, is now president, chief technology officer, and a director; and Todd Martinsky, co-founder and vice president of Telechem, has been named COO and secretary/treasurer.
 
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