NEW YORK (GenomeWeb News) – Pacific Biometrics today said that it has entered into a loan agreement providing the firm with $4 million.

The loan comes from Terry Giles, a member of the firm's board of directors, who stepped down from that position Aug. 31, in order to avoid a conflict of interest. The four-year loan has a fixed interest rate of 12 percent per year and provides for eight monthly interest-only payments, followed by 40 monthly payments comprised of interest plus amortization of the principal, Pacific Biometrics said.

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Researchers hope to tease out the signature effects that different carcinogens leave on the genome to determine their contributions to disease, Mosaic reports.

The Wall Street Journal looks into the cost of new gene therapies.

An Imperial College London-led team reports that it was able to use a gene drive to control a population of lab mosquitos.

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