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Gen-Probe Borrows $170M to Complete Tepnel Buy

NEW YORK (GenomeWeb News) – Gen-Probe will borrow $170 million under a newly issued line of credit to pay for its pending acquisition of Tepnel Life Sciences and for other unspecified corporate purposes, the firm said after the close of the market on Monday.

San Diego-based Gen-Probe said that it would pay interest on the one-year, $180 million revolving credit facility at a floating rate of .6 percent above LIBOR, which was at around .5 percent earlier Monday. The credit facility is being provided by Bank of America.

In late January, Gen-Probe inked the deal to acquire Tepnel for £92.8 million ($132.2 million). The acquisition will provide Gen-Probe with an entry into the transplant diagnostics market as well as genetic tests that Gen-Probe believes are complementary to its molecular diagnostics products.

The firms expect to complete the acquisition in April.

The Scan

LINE-1 Linked to Premature Aging Conditions

Researchers report in Science Translational Medicine that the accumulation of LINE-1 RNA contributes to premature aging conditions and that symptoms can be improved by targeting them.

Team Presents Cattle Genotype-Tissue Expression Atlas

Using RNA sequences representing thousands of cattle samples, researchers looked at relationships between cattle genotype and tissue expression in Nature Genetics.

Researchers Map Recombination in Khoe-San Population

With whole-genome sequences for dozens of individuals from the Nama population, researchers saw in Genome Biology fine-scale recombination patterns that clustered outside of other populations.

Myotonic Dystrophy Repeat Detected in Family Genome Sequencing Analysis

While sequencing individuals from a multi-generation family, researchers identified a myotonic dystrophy type 2-related short tandem repeat in the European Journal of Human Genetics.