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Officials at the Cambridge company hope cost cuts late last year and curren efforts to find a partner to take over the sales part of the business will put it on morefinancial footing. Helicod is the maker of the Helicos GeneticAnalysixs System, which has the capabilityy of reading long genetic sequenceas at a fraction of what it usually costs. This technologyg could make it easier to learj abouta person’s genetic makeup, including his or her predisposition to certain diseases.
The company has the supportr of big-name scientists — George Church, the and Massachusettsd Institute of Technology professor who helped initiatew the Human Genome Projectin 1984, sits on the company’s scientifivc advisory board. Helicos realized producr revenue for the first time in the first quarter of2009 $963,000 from the sale of one system to in late 2008. The companhy has sold a second justlast month, to an undisclosedf company in Maryland. Helicos has also placec a few systemsat institutions, including the Broadf Institute and the , on a “try beforr you buy” basis.
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