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Decode Genetics to Utilize Grace Period on Convertible Notes

Decode Genetics this week said that it would utilize a 3-day grace period for the scheduled April 15 interest payment on its outstanding 3.5 percent senior convertible notes due 2011.

The firm said that it is exercising that option "in order to provide more time for the execution of our strategic alternatives currently under consideration."

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A former Synthetic Genomics attorney alleges that the firm discriminated against her and other female employees, according to the San Diego Union-Tribune.

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