By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Miniaturized mass spectrometry firm Microsaic Systems today announced that its revenues for the first half of 2011 fell 35 percent year over year, while losses increased 30 percent.

For the six months ended June 30, the Surrey, UK-based company posted receipts of £120,326 ($186,686), down from £185,761 a year ago. Its loss for the period rose to £852,264 from £656,619.

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The New York Times and ProPublica look into the close relationship between a startup and Memorial Sloan Kettering Cancer Center.

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