With Diagnostics Unit on the Block, Orchid s Future Rests With Genoprofiling, GeneShield | GenomeWeb

Orchid intends to sell its diagnostics business as it continues to tighten its corporate focus and position itself in two rapidly expanding markets. The divestiture, expected to close during the second quarter, will also scale back cash burn and give Orchid additional financial leeway as it gobbles through the $14 million it has left in the bank.

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