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Bankruptcy Court Approves Incentive Plan for Vermillion Directors


Vermillion said this week that US Bankruptcy Court in Delaware has approved the company's management incentive plan for its three directors.

Under the incentive plan, Gail Page, James Burns, and John Hamilton will receive in aggregate $5 million in cash and 302,541 shares of restricted stock, subject to a time-based vesting schedule.

As a result of Vermillion's Chapter 11 filing a year ago, most of the board resigned with Page, Burn, and Hamilton remaining to oversee the company during its reorganization. Page was also renamed the company's CEO in February.

The company received clearance from the US Food and Drug Administration for its OVA1 triage test for ovarian cancer in September 2009 and successfully emerged from Chapter 11 in January.

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.