Inside a bigger box

Valentis Inc., which has been pursuing a path of acquisition to achieve critical mass in biologics delivery, believes that the key to its success is not so much thinking outside the box, but putting a number of boxes together to build a bigger box.

"Investors want companies that have greater capitalization, greater liquidity and greater risk diversification," said Benjamin McGraw, chairman, president and CEO of VLTS. "This was our way of giving them what they want."...