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Bruker Shares Fall on Report of Q1 Foreign Exchange Losses

NEW YORK (GenomeWeb News) – Shares of Bruker dropped roughly 23 percent in late Tuesday afternoon trade, a day after the firm said that based on preliminary data it expects to report pre-tax foreign exchange losses of around $12 million for its first quarter ended March 31.
 
The Billerica, Mass.-based firm said that the foreign exchange losses were due to the continued weakening of the US dollar and the unexpected strengthening of the Swiss franc relative to both the US dollar and the euro by approximately 11 percent and 3 percent respectively.
 
Its shares were down 22.9 percent at $12 in afternoon trade on the Nasdaq. The stock had slipped as far as $11.60 earlier in the trading session.
The Scan

Researchers Develop Polygenic Risk Scores for Dozens of Disease-Related Exposures

With genetic data from two large population cohorts and summary statistics from prior genome-wide association studies, researchers came up with 27 exposure polygenic risk scores in the American Journal of Human Genetics.

US Survey Data Suggests Ancestry Testing Leads Way in Awareness, Use of Genetic Testing Awareness

Although roughly three-quarters of surveyed individuals in a Genetics in Medicine study reported awareness of genetic testing, use of such tests was lower and varied with income, ancestry, and disease history.

Coral Genome Leads to Alternative Amino Acid Pathway Found in Other Non-Model Animals

An alternative cysteine biosynthesis pathway unearthed in the Acropora loripes genome subsequently turned up in sequences from non-mammalian, -nematode, or -arthropod animals, researchers report in Science Advances.

Mosquitos Genetically Modified to Prevent Malaria Spread

A gene drive approach could be used to render mosquitos unable to spread malaria, researchers report in Science Advances.