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Following Reverse Stock Split, Nuvelo Plans to Offer 4M Shares

NEW YORK, Feb. 19 (GenomeWeb News) - Nuvelo plans to offer 4 million shares of its common stock in a public offering, following a one-for-three reverse stock split later this month, the company said today.

 

After the reverse stock split, which the company expects to take effect on Feb. 23, Sunnyvale, Calif.-based Nuvelo estimates to have approximately 26 million shares outstanding.

 

The reverse split was necessary for Nuvelo to have a sufficient number of authorized shares for the expected size of the public offering, according to the company.

 

The Scan

Shape of Them All

According to BBC News, researchers have developed a protein structure database that includes much of the human proteome.

For Flu and More

The Wall Street Journal reports that several vaccine developers are working on mRNA-based vaccines for influenza.

To Boost Women

China's Ministry of Science and Technology aims to boost the number of female researchers through a new policy, reports the South China Morning Post.

Science Papers Describe Approach to Predict Chemotherapeutic Response, Role of Transcriptional Noise

In Science this week: neural network to predict chemotherapeutic response in cancer patients, and more.