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Orchid Shareholders Give Permission for Reverse Stock Split

NEW YORK, March 1 (GenomeWeb News) - Orchid BioSciences' shareholders have approved a potential reverse stock split, Orchid said Friday.

 

Shareholders gave the board of directors permission on Friday to implement a reverse stock split, at a ratio between one-for-three shares to one-for-seven-shares, anytime before Orchid's annual meeting, scheduled for June 11. The reverse split would affect all outstanding shares of Orchid's common stock.

 

Orchid hopes that a reverse stock split would allow it to market its stock to new investors, and to make its stock price less volatile, the company said.

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.