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Company making cancer-screening tool moves to Wis.

By ASSOCIATED PRESS Friday, June 19, 2009 - 7:11 a.m.

MADISON, Wis. (AP) — A company developing new technology to screen for colorectal cancer is moving from Massachusetts to Madison.

The state Department of Commerce awarded the Exact Sciences Corp. a $1 million loan to help with the move.

The Marlboro, Mass.-based firm is developing molecular-screening technology to detect the disease, the second-leading cause of cancer-related deaths in the U.S.

Company President Kevin Conroy says the state aid is a critical part of the decision to relocate. As the former president of Third Wave Technologies in Madison, he says he knows the area is "a great place to build a biotechnology company."

State officials say the company is expected to create up to 150 jobs over five years.

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RetiredAirForce
Jun 19, 2009 at 4:55 p.m.
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1 million dollar investment for this companies move here in the hope of creating 150 jobs over 5 years...doesn't sound like a good use of tax payer dollars. NASDAQ:EXAS

Opinionsforfree
Jun 19, 2009 at 10:41 a.m.
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this company probably moved to Madison due to the research park up there. I dont see companies moving here in droves

thekid3477
Jun 19, 2009 at 9:24 a.m.
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thats funny;)

whydoyouask
Jun 19, 2009 at 8:32 a.m.
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I thought that the know-it-alls on this site had declared time and time again that businesses don't come to Wisconsin, they only leave?

And, for those who think this is a one-shot deal, here's a link to another recent announcement about a company -- wait for it -- moving to Wisconsin from Illinois ...
http://www.nwherald.com/articles/2009/06...

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