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I would disagree. Venom is attack damage, not SA damage, and is clearly specified as such. Thus an attack with Venom that misses still inflicts 1 attack damage. That attack damage will trigger Magic Retaliation.
Venom (Red Circle)
This warrior inflicts 1 click of damage even if his ranged or close combat attack misses the target. When this warrior makes a ranged or close combat attack, add 1 to his damage value. If the attack misses, inflict 1 click of damage on the target figure. The damage from Venom is considered part of the attack damage, and not a special ability damage effect.
The key words here are "if damaged in an attack". If it said "is hit by an attack" then "no", MR would not kick in, but with the current wording then "yes" MR would deliver a click of damage.