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Tm Bioscience Pockets $7.2M in Debenture Financing Round

NEW YORK, Nov. 15 (GenomeWeb News) - Tm Bioscience has pocketed CA$8.6 million ($7.2 million) in a secured debenture financing round, the company said today.

 

The financing, led by Wellington Financial and Canadian Medical Discoveries Fund, helped Tm to pay down CA$2.1 million from an outstanding loan made by CMDF.

 

The company added that the net proceeds of the latest financing will be used for general corporate purposes.

The Scan

Pig Organ Transplants Considered

The Wall Street Journal reports that the US Food and Drug Administration may soon allow clinical trials that involve transplanting pig organs into humans.

'Poo-Bank' Proposal

Harvard Medical School researchers suggest people should bank stool samples when they are young to transplant when they later develop age-related diseases.

Spurred to Develop Again

New Scientist reports that researchers may have uncovered why about 60 percent of in vitro fertilization embryos stop developing.

Science Papers Examine Breast Milk Cell Populations, Cerebral Cortex Cellular Diversity, Micronesia Population History

In Science this week: unique cell populations found within breast milk, 100 transcriptionally distinct cell populations uncovered in the cerebral cortex, and more.