Decode Genetics to Miss Interest Payment | GenomeWeb

NEW YORK (GenomeWeb News) – Decode Genetics disclosed in a filing with the US Securities and Exchange Commission yesterday that it will not make its scheduled Oct. 15 interest payment on its outstanding 3.5 percent convertible notes due 2011.

The cash-strapped firm said that it has to pay the interest within 30 days after the Oct. 15 date, or it will be in default under terms of the indentures securing the notes.

Get the full story

This story is free
for registered users

Registering provides access to this and other free content.

Register now.

Already have an account?
Login Now.

In Science this week: metagenomic-based technique for determining protein structure, and more.

An academic laments the rise of narcissism in the sciences, the Guardian reports.

Outgoing FDA commissioner Robert Califf writes in an editorial that the agency can help boost innovation.

The Trump transition team has asked NIH Director Francis Collins to remain at his post, though it's unclear for how long that will be.