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Genzyme Corporation (GENZ) to Sell Genetics Unit to Laboratory Corporation of America Holdings (LabCorp) (LH) for $925 Million; Genzyme Cutting 1,000 Jobs Over Next 15 Months


9/13/2010 7:05:07 AM

Sept 13 (Reuters) - U.S. biotech firm Genzyme Corp (GENZ.O) said it agreed to sell its genetic-testing business to Laboratory Corp of America Holdings (LH.N) for $925 million in cash.

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