PALO ALTO, Calif.--Dispelling industry rumors that Molecular Applications Group is up for sale, Debbie Yu, acting CEO, said the company is seeking partnerships, but not a buyer. "MAG is definitely not on the block, but we are pursuing conversations with a number of strategic players because it is a cornerstone of our business plan to do that," Yu said. Rumors about the company's financial health heated up recently after John Andrews, executive vice-president and chief operating officer, departed from the company.
Get the full story with
GenomeWeb Premium
Only $95 for the
first 90 days*
GenomeWeb Premium gives you:
✔ Full site access
✔ Interest-based email alerts
✔ Access to archives
Never miss another important industry story.
You may already have institutional access!
Already a GenomeWeb or 360Dx Premium member?
Login Now.
*Before your trial expires, we’ll put together a custom quote with your long-term premium options.
Not ready for premium?
Register for Free ContentYou can still register for access to our free content.