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NextGen Group has announced that due to an inability to secure additional financing it will likely take steps to wind down its business unless it is able in the near future to find a buyer for its principal subsidiary, protein biomarker firm NextGen Sciences.

The company noted that it has not yet received any acceptable offers for NextGen Sciences and that even if it is sold, "it is unlikely that it will generate sufficient cash to settle all the company's outstanding creditors in full."

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