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Genzyme to Acquire Diagnostic Chemicals Division

Cambridge-based Genzyme announced on Wednesday that it has agreed to acquire the diagnostic division of Canada’s Diagnostic Chemicals. Terms of the all-cash agreement were undisclosed. The acquisition, involving DCL operations in Prince Edward Island and Connecticut, brings into the Genzyme fold some 50 formulated clinical chemistry reagents, which garnered roughly $21 million in revenues in DCL’s 2007 fiscal year, according to a statement

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