|Sequenom Spikes on Rumors|
|By Staff and Wire Reports|
|Wednesday, 07 October 2009 15:42|
Shares of Sequenom, Inc. (NASDAQ:SQNM) spiked up early in Wednesday's trading session and closed up at $3.28 +0.33 (11.19%) after rumors that Sequenom might put itself up for sale.
Last week, Sequenom announced that they fired the CEO and the head of R&D many months after the company had revealed that the results for their Down syndrome had been mishandled.
In April employees mishandled data on its SEQureDx Down syndrome blood test. After a five-month review, Sequenom fired key officers and accepted resignations from three lower-ranking employees. The firings followed an investigation by a special committee of the Company's Board of Directors.