Gene Logic Genomics Revenue 'Significantly Lower' Than Expected for Q2 and 2005

Gene Logic said this week that revenue for its genomics division will be "significantly lower" than anticipated for both the second quarter and the full year of 2006, and it is withdrawing its financial guidance for 2006 and 2007 as a result.

The company has not provided specific guidance for either fiscal year, but said in February that it expected to reach profitability in 2007 [BioInform 02-24-06].

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