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Archive for June, 2015

30
Jun

Biotech billionaire Patrick Soon-Shiong has already laid the foundation for a big IPO to help finance his low-profile oncology R&D player Conkwest. Now he’s moving closer to getting his high-profile personalized drug-finding company NantHealth on the market as well. …read more Source: Biotech billionaire Soon-Shiong plots a second IPO–this time for NantHealth     

30
Jun

Sam Waksal, the once-jailed former CEO of ImClone, is again the subject of fraud accusations as a former associate says he bailed on an investment deal designed to circumvent his punishment and defaulted on a $15 million promise. …read more Source: Waksal’s post-prison startup runs into more fraud allegations     

30
Jun

Celgene’s $1 billion front-loaded deal to buy into Juno’s CAR-T and TCR programs–$150 million upfront and $850 million for 10% of the company’s stock at more than double the going share price–instantly and predictably spurred a backlash among some of the top analysts in the industry over the frothy figures in play. …read more Source: […]

29
Jun

AMAG Pharmaceuticals has stepped in to buy Cord Blood Registry for $700 million, capturing about half of the privately stored cord blood units and taking a prominent position as supplier of stem cells to R&D groups. …read more Source: AMAG snags Cord Blood Registry for $700M     

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