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Decode Shares Slide 8 Percent After Firm Said It Would Raise $30M in Stock Placement

NEW YORK (GenomeWeb News) - Shares in Decode Genetics were down 8.1 percent, or $.46, at $5.22 in mid-afternoon trading after the company said it plans to  raise $30 million in a private stock placement.
 
As GenomeWeb News reported this morning, the Icelandic company said it plans to sell 6 million shares at $5 apiece to existing and new institutional investors.
 
The shares closed at $5.68 yesterday. The company expects net proceeds after expenses to be approximately $27.8 million.

The Scan

Purnell Choppin Dies

Purnell Choppin, a virologist who led the Howard Hughes Medical Institute, has died at 91, according to the Washington Post.

Effectiveness May Decline, Data From Israel Suggests

The New York Times reports that new Israeli data suggests a decline in Pfizer-BioNTech SARS-CoV-2 vaccine effectiveness against Delta variant infection, though protection against severe disease remains high.

To See Future Risk

Slate looks into the use of polygenic risk scores in embryo screening.

PLOS Papers on Methicillin-Resistant Staphylococcus, Bone Marrow Smear Sequencing, More

In PLOS this week: genomic analysis of methicillin-resistant Staphylococcus pseudintermedius, archived bone marrow sequencing, and more.