NEW YORK (GenomeWeb News) — Genesis Research and Development will trade its rights to royalties on the sale of a genomics data querying software package for a stake in start-up bioinformatics company Real Time Genomics.

Auckland, New Zealand-based Genesis said today that it is converting the royalty rights to NetValue's SLIM Search software, which is based on Genesis' Cartesian technology, in exchange for a 10 percent stake in the Real Time Genomics. Genesis' interest will be held by New Zealand holding company Gene Value.

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