Tecan Falls as Much as 14% in Zurich on Higher Cost From Project
Tecan Group AG (TECN), a Swiss maker of laboratory equipment, fell the most in seven years in Zurich trading after saying a project to develop a diagnostics instrument has been delayed, leading to higher costs.
Tecan slid 8.30 francs, or 12 percent, to 61.70 francs at 10:55 a.m. The stock declined as much as 14 percent, the biggest intraday drop since Sept. 23, 2004.
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