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Transgenomic s Lender Laurus Converts $650,000 in Debt into Stock

NEW YORK, March 31 (GenomeWeb News) - Laurus Master Fund has converted into stock an additional $650,000 of a secured convertable term note, the company said in an SEC filing -- the second debt-to-equity conversion with the bank in one week.


The original note was issued in the principal amount of $2.8 million, and the debt-to-equity conversion equated to 1.25 million shares. The first conversion, announced on March 18, equated to $1.8 million of the outstanding debt, and 10 percent of the Transgenomic's market capitalization.


 on a $7.5 million revolving credit facility. Mitchell Murphy, Transgenomic's interim-CFO, told GenomeWeb News that this amount translated into approximately 10 percent of the company's current market capitalization.

The Scan

Genes Linked to White-Tailed Jackrabbits' Winter Coat Color Change

Climate change, the researchers noted in Science, may lead to camouflage mismatch and increase predation of white-tailed jackrabbits.

Adenine Base Editor Targets SCID Mutation in New Study

Researchers from the University of California, Los Angeles, report in Cell that adenine base editing was able to produce functional T lymphocytes in a model of severe combined immune deficiency.

Researchers Find Gene Affecting Alkaline Sensitivity in Plants

Researchers from the Chinese Academy of Science have found a locus affecting alkaline-salinity sensitivity, which could aid in efforts to improve crop productivity, as they report in Science.

International Team Proposes Checklist for Returning Genomic Research Results

Researchers in the European Journal of Human Genetics present a checklist to guide the return of genomic research results to study participants.