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Nanogen Shares Surge 19 Percent on News That Fisher Bought 9-Percent Stake in Company

NEW YORK, March 16 (GenomeWeb News) - Shares of Nanogen were up 19 percent, or $.47, at $2.99 in afternoon trade following Fischer's announcement it had paid $15 million in cash for a 9-percent stake in the company.

 

As GenomeWeb News reported, terms of the investment calls for Fisher to buy approximately 5.7 million shares of Nanogen common stock at $2.65 per share, a 5-percent premium over the stock's closing price yesterday.

The Scan

US Booster Eligibility Decision

The US CDC director recommends that people at high risk of developing COVID-19 due to their jobs also be eligible for COVID-19 boosters, in addition to those 65 years old and older or with underlying medical conditions.

Arizona Bill Before Judge

The Arizona Daily Star reports that a judge weighing whether a new Arizona law restricting abortion due to genetic conditions is a ban or a restriction.

Additional Genes

Wales is rolling out new genetic testing service for cancer patients, according to BBC News.

Science Papers Examine State of Human Genomic Research, Single-Cell Protein Quantification

In Science this week: a number of editorials and policy reports discuss advances in human genomic research, and more.