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MAG Rumored to Be in Negotiations with Buyers

Dec 03, 1999
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NEW YORK--Molecular Applications Group, which was rumored earlier this year to be struggling to stay afloat, is in negotiations to sell off its proprietary bioinformatics technologies to bidders including Celera and Affymetrix, according to a source close to one of the deals. Officials at Affymetrix and Celera said they would not comment on rumors, and MAG's acting CEO, Debra Yu, declined to comment.

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