BioCentury on BioBusiness,
Finance
Table: No revenues, no problem
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Published on
Monday, August 20, 2012
Six biotechs without marketed products and/or
substantial revenues have each raised $200 million or more via convertible debt
deals since 2010. Of those six, three had approved drugs at the time of the
offering. Isis Pharmaceuticals Inc. (NASDAQ:ISIS) has one approved
product, Vitravene fomivirsen, but the ophthalmic drug is not on the market due
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