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Entelos Secures $6.5M Debt Financing

NEW YORK (GenomeWeb News) – Entelos said on Friday that it has signed a debt financing agreement with Imperium Master Fund for a cash loan of $6.5 million.
 
Entelos said it plans to use $1.5 million of the proceeds to repay debt related to its acquisition of Iconix Biosciences in August. The company will use the remaining $5 million as long-term working capital.
 
Imperium will provide Entelos with $1.5 million under a secured bridge note and $5 million under secured convertible debentures.
 
In connection with the bridge note, which will mature in 15 months, Entelos issued to Imperium a five year-term warrant to purchase up to 943,576 shares of common stock at an exercise price per share of $0.4501073 per share.

The Scan

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.

Team Presents Cattle Genotype-Tissue Expression Atlas

Using RNA sequences representing thousands of cattle samples, researchers looked at relationships between cattle genotype and tissue expression in Nature Genetics.

Researchers Map Recombination in Khoe-San Population

With whole-genome sequences for dozens of individuals from the Nama population, researchers saw in Genome Biology fine-scale recombination patterns that clustered outside of other populations.

Myotonic Dystrophy Repeat Detected in Family Genome Sequencing Analysis

While sequencing individuals from a multi-generation family, researchers identified a myotonic dystrophy type 2-related short tandem repeat in the European Journal of Human Genetics.