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Going for Broke

Biotechs are running out of cash, reports the Wall Street Journal. (OK, you probably already knew that.) In the past four months, 10 biotechs have gone bankrupt and, currently, 120 of the 360 publicly traded companies have less than six months' worth of cash -- the Journal's Health blog speculates that no one will be able to support the small biotechs. One company that the main article points to is Helicos Biosciences, saying that "even blue-ribbon scientific credentials are no guarantee of business success," as Helicos has struggled with a lack of sales and, last year, nearly running out of money.

The Scan

Billions for Antivirals

The US is putting $3.2 billion toward a program to develop antivirals to treat COVID-19 in its early stages, the Wall Street Journal reports.

NFT of the Web

Tim Berners-Lee, who developed the World Wide Web, is auctioning its original source code as a non-fungible token, Reuters reports.

23andMe on the Nasdaq

23andMe's shares rose more than 20 percent following its merger with a special purpose acquisition company, as GenomeWeb has reported.

Science Papers Present GWAS of Brain Structure, System for Controlled Gene Transfer

In Science this week: genome-wide association study ties variants to white matter stricture in the brain, and more.