Lion, Having Shed its Bioinformatics Business, Posts Profit for FY 2005/2006

Jul 03, 2006

NEW YORK (GenomeWeb News) - Lion Bioscience said last week that the recent sale of its bioinformatics business helped it reach profitability for the 2005/2006 fiscal year - the first profitable year in the company's history.

The company said in April that it had sold its bioinformatics operations to UK-based BioWisdom for €4 million ($5.1 million).

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