US Bankruptcy Court | GenomeWeb

US Bankruptcy Court

The plan, the company said in a motion filed last week, is not to keep its three remaining directors from abandoning ship during its Chapter 11 proceedings, but rather to reward them if they achieve specific performance goals "designed to maximize the value of [Vermillion's] estates for all constituents."

The company remains in business and continues work to get FDA approval for its ovarian tumor triage diagnostic. In its filing, the company said it had assets of about $7.2 million and liabilities of approximately $32 million as of Sept. 30, 2008.

The firm formerly called Ciphergen Biosystems filed for bankruptcy protection earlier this week.

In Science this week: metagenomic-based technique for determining protein structure, and more.

An academic laments the rise of narcissism in the sciences, the Guardian reports.

Outgoing FDA commissioner Robert Califf writes in an editorial that the agency can help boost innovation.

The Trump transition team has asked NIH Director Francis Collins to remain at his post, though it's unclear for how long that will be.