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FDA Approvals, Diversified Product Pipeline, Produce Sales Growth, and Positive Study Outcomes - Research Report on Boston Scientific, Zimmer, St. Jude, ResMed, and GenMark
Date:6/21/2013

nostics, Inc. (GenMark) updated its annual revenue guidance for FY 2013 (period ending December 31, 2013). The Company stated that the guidance update resulted from the additional uncertainties relating to the future revenue contribution from its largest customer, together with persisting reimbursement and other challenges affecting the emerging pharmacogenomics market sector,. The Company now anticipates annual revenue of approximately $30 million, down compared to its original estimate of approximately $35 million. Hany Massarany, GenMark's President and Chief Executive Officer, said, "As previously communicated, we remained prudently cautious regarding the future revenue contribution from the pharmacogenomics sector, including our single largest customer. In light of the recent developments which introduced additional uncertainty regarding this customer, we have taken a more conservative outlook and reduced our revenue expectations for the remainder of the year." The Full Research Report on GenMark Diagnostics, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/ab23_GNMK]

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