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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

Genome Sequences Reveal Range Mutations in Induced Pluripotent Stem Cells

Researchers in Nature Genetics detect somatic mutation variation across iPSCs generated from blood or skin fibroblast cell sources, along with selection for BCOR gene mutations.

Researchers Reprogram Plant Roots With Synthetic Genetic Circuit Strategy

Root gene expression was altered with the help of genetic circuits built around a series of synthetic transcriptional regulators in the Nicotiana benthamiana plant in a Science paper.

Infectious Disease Tracking Study Compares Genome Sequencing Approaches

Researchers in BMC Genomics see advantages for capture-based Illumina sequencing and amplicon-based sequencing on the Nanopore instrument, depending on the situation or samples available.

LINE-1 Linked to Premature Aging Conditions

Researchers report in Science Translational Medicine that the accumulation of LINE-1 RNA contributes to premature aging conditions and that symptoms can be improved by targeting them.