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Clinical Data Raises $25M in Private Placement

NEW YORK (GenomeWeb News) – Clinical Data has raised $25 million through the private placement of 1,514,922 shares of newly issued common stock to affiliates of Randal Kirk, chairman of the Newton, Mass.-based firm’s board of directors.
 
Clinical Data said that the purchase price was $16.44 per share, which was its closing price on Sept. 26, plus $.0625 per share, and warrants to purchase an additional 757,461 shares of common stock at $16.44 per share.
 
The publicly traded firm said that it would use the funds for general working capital purposes.
 
Shares of Clinical Data were up .6 percent at $16.54 in early Monday trade on the Nasdaq.

The Scan

Billions for Antivirals

The US is putting $3.2 billion toward a program to develop antivirals to treat COVID-19 in its early stages, the Wall Street Journal reports.

NFT of the Web

Tim Berners-Lee, who developed the World Wide Web, is auctioning its original source code as a non-fungible token, Reuters reports.

23andMe on the Nasdaq

23andMe's shares rose more than 20 percent following its merger with a special purpose acquisition company, as GenomeWeb has reported.

Science Papers Present GWAS of Brain Structure, System for Controlled Gene Transfer

In Science this week: genome-wide association study ties variants to white matter stricture in the brain, and more.