Third Wave hopes to revive its slumping revenues partly with new diagnostics, including a test to help guide warfarin treatment and another to detect human papilloma virus.

The company this week posted disappointing fourth-quarter earnings featuring a 28-percent drop in revenues and an increase in losses year over year. In a conference call with investors, Third Wave officers presented the quarter's results alongside a three-point plan to boost its prospects in the long term as it continues its fitful switch to molecular diagnostics from genomics tools.

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