Gene Logic
This article was originally published in The Gray Sheet
Executive Summary
Completes acquisition of Oncormed - giving Oncormed stockholders, including Oncor (23%), 0.4673 shares of Gene Logic common stock for each Oncormed share. The $39.1 mil. deal will issue over 4.8 mil. shares of Gene Logic common stock to Oncormed stockholders. Gene Logic expects to write off a "significant portion" of the purchase price as in-process research and development in the third quarter
You may also be interested in...
California Court’s Inaction On TiO2 Prop 65 First Amendment Case Breeds New Lawsuits
The Personal Care Products Council seeks to stem the rising tide of titanium dioxide Proposition 65 lawsuits, requesting that a California court prohibit the state’s Attorney General and private enforcers from filing and/or prosecuting new suits against cosmetics companies failing to warn about potential TiO2 exposure.
Kenvue Breaks Ground On New Headquarters, Appoints Chief Corporate Affairs Officer
Firm hosts groundbreaking for 290,000 square-foot global headquarters it’s having built in Summit, NJ, starting with 100,000 square-foot science and innovation and expected to open in 2025. It announced adding Russell Dyer as chief corporate affairs officer starting 13 March.
Xaira Launches With $1bn-Plus And End-To-End AI Strategy
ARCH and Foresite incubated the company and recruited Genentech R&D veteran Marc Tessier-Lavigne to keep data generation, machine learning research and drug development under one roof.