Znomics, a zebrafish platform-based drug-discovery company, this week said it has secured $4.9 million as part of a reverse merger with publicly traded shell company Pacific Syndicated Resources.
The transaction turns Znomics into a public company and gives it the ability to add to its market capitalization which may help it get noticed by bigger investment banks and gain additional capital, all without the practical constraints associated with private-equity financing.

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Berkeley researchers have engineered yeast to make the molecule behind the hoppy taste of beer, Quartz reports.

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