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NEW YORK (GenomeWeb) – Cancer Genetics announced today that it plans to sell its wholly owned subsidiary, BioServe Biotechnologies, to Reprocell for up to $1.9 million.

Under the terms of the acquisition, Reprocell , a Japanese stem cell research company, will pay Cancer Genetics $1.6 million upfront. The remaining balance will be payable about six months after the deal's closing, subject to BioServe's revenues for a four-month period after closing being equivalent to the same four-month period in 2017.

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