Gene Logic Says Genomics Revenue 'Significantly Lower' Than Expected for Q2 and 2005

Gene Logic said last week that revenue for its genomics division will be "significantly lower" than anticipated for both the second quarter and the full year of 2006, and it is withdrawing its financial guidance for 2006 and 2007 as a result.

The disappointing revenues will adversely impact operating results for the genomics division "for the foreseeable future," the company said.

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