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We consider delayed chemical reaction networks with generalized kinetics of product form and show that complex balancing implies that within each positive stoichiometric compatibility class there is a unique positive equilibrium that is locally asymptotically stable relative to its class. The main tools of the proofs are respectively a version of the well-known classical logarithmic Lyapunov function applied to kinetic systems and its generalization to the delayed case as a Lyapunov-Krasovskii functional. Finally, we demonstrate our results through illustrative examples.

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