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Gene Logic Shares Fall 34 Percent After Company Withdraws 2006, 2007 Guidance

NEW YORK, June 22 (GenomeWeb News) - Gene Logic's stock price plummeted 33.7 percent, or $.68, to $1.34 per share in afternoon trading after the company withdrew its previously issued financial guidance for 2006 and 2007.

 

As reported by GenomeWeb News this morning, the company said its genomics revenue would be "significantly lower" than previously expected for both the second quarter 2006 and the entire year.

The Scan

Billions for Antivirals

The US is putting $3.2 billion toward a program to develop antivirals to treat COVID-19 in its early stages, the Wall Street Journal reports.

NFT of the Web

Tim Berners-Lee, who developed the World Wide Web, is auctioning its original source code as a non-fungible token, Reuters reports.

23andMe on the Nasdaq

23andMe's shares rose more than 20 percent following its merger with a special purpose acquisition company, as GenomeWeb has reported.

Science Papers Present GWAS of Brain Structure, System for Controlled Gene Transfer

In Science this week: genome-wide association study ties variants to white matter stricture in the brain, and more.