UPDATE: Corning Axes Microarray Initiative as Part of Overall Restructuring | GenomeWeb

NEW YORK, Oct. 18 - Fiber-optic giant Corning has pulled the plug on its microarray venture, Corning Microarray Technologies, as part of an overall restructuring effort to trim costs, the company said on Thursday.

This announcement, made in the company’s release of sharply reduced third-quarter earnings, comes slightly more than a year after the company began its venture into the array field.

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