BioCentury

8:00 AM GMT, Nov 19, 2007
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Strategy

A bird in the hand

With its funds dwindling, Raven Biotechnologies Inc. last week looks to have pulled off the equivalent of a small IPO through its planned reverse merger with publicly traded VaxGen Inc., a company with cash but no pipeline left to call its own.

Indeed, all of the newco's development programs will come from Raven. The lead product is RAV12, a MAb against an undisclosed cell-surface antigen that is expected to begin Phase II testing to treat pancreatic and colon cancer next year. The company also has four MAbs in preclinical testing to treat various cancers. Wyeth (WYE, Madison,

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This article and the information contained in BioCentury's publications and services are solely for your own personal, non-transferable licensed use and cannot be shared with any other individuals. For information about adding subscribers to your account or obtaining article reprints, please contact support@biocentury.com.