LYON

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LYON

Liquid Yield Option Note

A convertible, callable, and putable zero-coupon bond. A LYON is a bond that is convertible to common stock and may be bought or sold as an option, but which does not pay interest. Because it pays no interest, it is issued at a considerable discount from par value of the bond. This guarantees a positive return to the investor, at least until such time as it becomes profitable for the investor to put the bond back to the issuing company for an amount over the issue price. Generally, the total return on a LYON is less than that of the company's common stock, assuming the company does well.

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Biologists from the National Institute of Agronomy Research (INRA) and the biotech company genOway, both in Lyon, France, treated the eggs with a compound that blocks an enzyme involved in their initial divisions.

Rats join the roster of clones

Lymphoma in 76 percent of the survivors on rituximab had gone into complete remission, compared with 60 percent of the other survivors, reports Bertrand Coiffier of the Centre Hospitalier in Lyon, France.

Drug aids destruction of lymphoma cells

However, WHO's International Agency for Research on Cancer (IARC) in Lyon, France, noted that its 17-member panel found neither animal evidence nor these human studies conclusive.

U.N. body rules tamoxifen a carcinogen

Three-quarters of the samples taken from sun-exposed skin of cancer patients have specific changes in the nucleotide building blocks that make up DNA for p53, reports Hisayoshi Nakazawa of the International Agency for Research on Cancer in Lyon, France, and his colleagues.