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Baker Bros. increases stake in Genomic Health to 12% with recent stock purchase
By Lisa Kerner
Charlotte, N.C., March 13 - Genomic Health, Inc. investors Julian C. Baker and Felix J. Baker, along with their affiliates Baker Bros. Investments, LLP and related funds, bought 316,043 shares of the company's stock between March 1 and March 9 priced from $17.77 to $18.20.
The investors beneficially own 2,941,272 shares, or 12%, of the Redwood City, Calif., biotechnology company, according to a schedule 13D filing with the Securities and Exchange Commission.
Genomic Health (Nasdaq: GHDX) closed at $18.54 on March 12.
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