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12:00 AM
Oct 08, 2001
 |  BioCentury  |  Strategy

Cash rich, customer poor

As in biology, the evolution of a market does not always take anticipated turns. Many bioinformatics companies were started with the notion that they could come up with systemwide and/or standardized solutions for a universe of customers. But many potential clients have concluded that they need totally customized solutions for very specific needs - with many concluding that they should build their systems in-house.

Thus, only a year after raising more than $122 million in an IPO valued at $425.6 million, Genomica Corp....

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