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Gen-Probe Increases Credit Facility to $250M

NEW YORK (GenomeWeb News) – Gen-Probe has disclosed in a filing with the US Securities and Exchange Commission that it has increased the amount that it can borrow under a recent credit agreement up to $250 million.

The San Diego-based molecular diagnostics firm had inked an agreement in late February to borrow up to $180 million from bank of America under a senior secured revolving credit facility. The firm has borrowed $170 million under that agreement to finance the $132.2 million acquisition of Tepnel Life Sciences and other unspecified corporate purposes.

Gen-Probe expects to complete the Tepnel purchase next month.

The Scan

Shape of Them All

According to BBC News, researchers have developed a protein structure database that includes much of the human proteome.

For Flu and More

The Wall Street Journal reports that several vaccine developers are working on mRNA-based vaccines for influenza.

To Boost Women

China's Ministry of Science and Technology aims to boost the number of female researchers through a new policy, reports the South China Morning Post.

Science Papers Describe Approach to Predict Chemotherapeutic Response, Role of Transcriptional Noise

In Science this week: neural network to predict chemotherapeutic response in cancer patients, and more.