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Executive Order By President Bush Delays Expiration of Exelixis-Genomica Stock-Exchange Offer

SAN FRANCISCO, Dec. 18 - An executive order by President Bush to close most federal government executive branch departments and agencies on Dec. 24 pushed back by one day the expiration date for Exelixis' initial offering period for its exchange offer made for Genomica shares.

 

The new expiration date is Eastern Standard Time on Dec. 28, according to Exelixis, which last month announced plans to acquire Genomica.

 

The one-day delay is a result of stipulations within the Securities Exchange Act of 1934, the company said. The executive order also forces a two-day extension of the 18-day trading-day period used to calculate the final exchange ratio. The new ending date is Dec. 26.

The Scan

Pig Organ Transplants Considered

The Wall Street Journal reports that the US Food and Drug Administration may soon allow clinical trials that involve transplanting pig organs into humans.

'Poo-Bank' Proposal

Harvard Medical School researchers suggest people should bank stool samples when they are young to transplant when they later develop age-related diseases.

Spurred to Develop Again

New Scientist reports that researchers may have uncovered why about 60 percent of in vitro fertilization embryos stop developing.

Science Papers Examine Breast Milk Cell Populations, Cerebral Cortex Cellular Diversity, Micronesia Population History

In Science this week: unique cell populations found within breast milk, 100 transcriptionally distinct cell populations uncovered in the cerebral cortex, and more.