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By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Helicos BioSciences said after the close of the market on Monday that it has cut 40 jobs this quarter as part of a consolidation and reorganization of its business.

The Cambridge, Mass.-based maker of a single-molecule sequencing platform said that around half of the company's remaining 40 employees are supported by National Institutes of Health funding for research aimed at improving its technology.

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