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Biodesix Inks $23M Debt Refinancing

NEW YORK (GenomeWeb) – Biodesix said today it has increased the size of its offering of Series G preferred shares in a follow-on sale, and has simultaneously entered a debt refinancing agreement with Innovatus Capital Partners for a $23 million term loan.

The company said it plans to use the additional capital to fund development of blood-based tests for guiding use of cancer immunotherapies, as well as to further the commercialization of its VeriStrat and GeneStrat lung cancer tests.

Biodesix also announced that Scott Hutton has joined the firm as chief operating officer. Hutton previously served as senior vice president and general manager of Spectranetics. Before that he was vice president and general manager of Medtronic's neurosurgery unit.

The Scan

More Boosters for US

Following US Food and Drug Administration authorization, the Centers for Disease Control and Prevention has endorsed booster doses of the Moderna and Johnson & Johnson SARS-CoV-2 vaccines, the Washington Post writes.

From a Pig

A genetically modified pig kidney was transplanted into a human without triggering an immune response, Reuters reports.

For Privacy's Sake

Wired reports that more US states are passing genetic privacy laws.

Science Paper on How Poaching Drove Evolution in African Elephants

In Science this week: poaching has led to the rapid evolution of tuskless African elephants.