NuTec Sciences is abandoning its roots in the oil and gas business to devote its resources to bioinformatics.

On July 2, the company finalized the sale of its NuTec Energy Sciences division to TGS-NOPEC Geophysical — a Houston, Texas-based subsidiary of Norwegian seismic surveying firm TGS-NOPEC. The deal gave NuTec Sciences $11.3 million in cash, which it will direct toward building the life science half of its business, NuTec Health Systems.

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Consulting company McKinsey says diagnostics companies will have to combine genomic data analysis, electronic medical records, effective reimbursement strategies, and regulatory compliance in order to win.

A new report has found that researchers in Africa are still heavily dependent on funding from organizations in the US, Europe, and China, Nature News says.

An article in The Atlantic argues that the progress being made in science isn't keeping pace with the money and time being spent on research.

In Science this week: a CRISPR screen identifies sideroflexin 1 as a requisite component of one-carbon metabolism, and more.