NEW YORK - FDA Commissioner Mark McClellan's face projected on a huge screen in the American city hit hard by terrorists on 9/11 gave him the appearance of a commander exhorting his troops, as he offered details regarding Project Bioshield. (BioWorld Today)
Like making good soup, bringing laboratory discoveries to the point where they are useful to biotechnology typically takes a long time - and the science of RNA interference, or RNAi, is just about ready to dish up.
With its shares trading at under a half dollar, Ribozyme Pharmaceuticals Inc. pulled off an agreement for $48 million in financing, the keystone in a deal that gives investors control of the company and changes its direction to focus on RNA interference. (BioWorld Today)
As investigators continue to sift through pieces of the disintegrated Space Shuttle Columbia and the nation mourns the deaths of seven astronauts, scientists involved in about 80 experiments aboard the doomed craft also are mourning the loss of their experiments - although you might not know it from the mainstream media.
A year after shareholders of a different firm put the kibosh on a planned merger with privately held Eos Biotechnology Inc., Protein Design Labs Inc. said it has entered an agreement to pay $37.5 million for the spurned company. (BioWorld Today)
