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Genome Therapeutics Completes Merger, Raises $88.2M in Stock Offering

NEW YORK, Feb. 9 (GenomeWeb News) - Genome Therapeutics has completed its merger with Genesoft Pharmaceuticals and its common stock offering, the company said on Friday.

 

The common stock offering raised gross proceeds of approximately $88.2 million, the Waltham, Mass.-based company said. Genome Therapeutics sold $16.8 million shares at $5.25 per share.

 

As a result of the merger and the financing, Genome Therapeutics has about $110 million in cash and cash equivalents.

 

The Scan

And Back

The New York Times reports that missing SARS-CoV-2 genome sequences are back in a different database.

Lacks Family Hires Attorney

A lawyer for the family of Henrietta Lacks plans to seek compensation from pharmaceutical companies that have used her cancer cells in product development, the Baltimore Sun reports.

For the Unknown

The Associated Press reports that family members are calling on the US military to use new DNA analysis techniques to identify unknown sailors and Marines who were on the USS Arizona.

PLOS Papers on Congenital Heart Disease, COVID-19 Infection Host MicroRNAs, Multiple Malformation Mutations

In PLOS this week: new genes linked to congenital heart disease, microRNAs with altered expression in COVID-19, and more.