Nanogen Shares Spike Up on European Patent News

Shares in Nanogen closed up Monday 22.28 percent, or $.88, in heavy-volume trade after the company said its SynX subsidiary had won a European patent.

The stock closed at $4.83 on the Nasdaq exchange as almost 6 million shares traded hands — compared to the average share volume of 636,863 for the past three months. The shares receded somewhat on Tuesday afternoon, falling 7.5 percent, or $.36, to $4.47.

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