Unable to Find a Buyer After Two Years, Celera Opts to Pull the Plug on Paracel | GenomeWeb

Celera Genomics’ bioinformatics subsidiary Paracel quietly threw in the towel last week, posting a notice on its website that it had ceased operations — except for ongoing support for its current customers — as of Sept. 28.

The closure brought an end to several years of uncertainty about the business unit’s role within Celera after the genomics giant reinvented itself as a drug discovery shop in mid-2002.

“The decision to close Paracel was made following an analysis of various alternatives for the business,” Celera noted in a statement on its website.

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