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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

Interfering With Invasive Mussels

The Chicago Tribune reports that researchers are studying whether RNA interference- or CRISPR-based approaches can combat invasive freshwater mussels.

Participation Analysis

A new study finds that women tend to participate less at scientific meetings but that some changes can lead to increased involvement, the Guardian reports.

Right Whales' Decline

A research study plans to use genetic analysis to gain insight into population decline among North American right whales, according to CBC.

Science Papers Tie Rare Mutations to Short Stature, Immunodeficiency; Present Single-Cell Transcriptomics Map

In Science this week: pair of mutations in one gene uncovered in brothers with short stature and immunodeficiency, and more.