Gene Logic Sells Informatics Business to Ocimum, Pins Future on Drug Repositioning | GenomeWeb
To focus on drug repositioning and development, Gene Logic has sold its genomics arm to India’s Ocimum Biosystems for $10 million.
 
Founded in 1994 as a bioinformatics firm, Gene Logic has modified its business model several times over the years in response to a steady downturn in the market for gene expression data. The sale of the business represents a final page in this transformation.
 

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