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Molecular Devices announces share buy-back
July 29, 2004 4:46:00 PM ET
SAN FRANCISCO, July 29 (Reuters) - Molecular Devices Corp. (MDCC), a maker of scientific measurement systems, on Thursday said its directors have approved the repurchase of up to 1.5 million shares of its common stock to help lift its share price and make use of available funds.
The Sunnyvale, California-based company said the repurchases will be made from time to time on the open market at market prices or in negotiated deals off the market.
Molecular Devices is a top supplier of bioanalytical measurement systems that improve drug discovery and other life sciences research. REUTERS
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