Back to School: How biopharma can reboot drug development. Access exclusive analysis here

Bowing to convention

Avant Immunotherapeutics Inc. has always believed that it is possible to build a business based on the travelers, biodefense and global health markets. But Wall Street never bought into that vision. Last week, AVAN announced a merger with Celldex Therapeutics Inc. that will broaden its therapeutic offerings to encompass more conventional markets, while combining the two companies' immunotherapy-based platforms.

For Celldex, which withdrew its IPO in August 2005 due to market conditions, the deal will give it access to the public equity market.

"We felt

Read the full 842 word article

Trial Subscription

Get a two-week free trial subscription to BioCentury

SIGN UP

Article Purchase

This article may not be distributed to non-subscribers
More Info >PURCHASE