Lion s Bioinformatics Unit Posts Second Quarterly Profit; Firm Mulls Change in Holding Company Model | GenomeWeb

Lion Bioscience this week posted the second consecutive profitable quarter for its bioinformatics business, which is still up for sale, and said that it is considering a change to the business model for its non-bioinformatics operations, which is currently structured as a holding company.

While the firm did not provide an updated timeline for the sale of its bioinformatics group, which has been on the block since last May, CFO Peter Willinger told BioInform that although the sales process has taken longer than initially expected, it "hasn't stopped."

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