TITLE

Time to Rethink the Rules of Biotech? Maybe, Maybe Not

AUTHOR(S)
Thiel, Karl
PUB. DATE
June 2009
SOURCE
BioWorld Today;6/8/2009, Vol. 20 Issue 108, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The author highlights a few events that occurred in the biotechnology industry in May 2009 that caused him to rethink some preconceived notions. He points out the growing popularity of reverse mergers as making initial public offering (IPO) becomes difficult. Particular focus is given to the acquisition by Johnson & Johnson of Cougar Biotechnology, along with the turnaround success of Vanda Pharmaceuticals. He also notes the presentation made by Carl Icahn and other investors to Biogen Idex shareholders about the shortcomings of its current management.
ACCESSION #
41535926

 

Related Articles

  • THE RAIDER'S RADAR. Bertoni, Steven // Forbes Asia;Mar2011 Special Issue Billionaires, Vol. 7 Issue 4, p72 

    The article presents work profile of American corporate raider and financier Carl Icahn. Reportedly, Icahn has made a fortune of 12.5 billion dollars though several acquisitions. It describes the takeover of Genzyme Corp. by Sanofi-Aventis SA, mediated by Icahn. Icahn says, he is focusing on...

  • JNJ Captures Cougar in $970M Purchase. Hollingsworth, Catherine // BioWorld Today;5/26/2009, Vol. 20 Issue 99, p1 

    This article reports on the decision of Johnson & Johnson to buy Cougar Biotechnology Inc. in 2009. With the purchase, Johnson & Johnson aims to strengthen its oncology portfolio. Cougar would maintain its employees and offices in Los Angeles, California, under a deal. The transaction was...

  • J&J Makes Play for Cougar Biotech. Marino, Jonathan // Mergers & Acquisitions Report;5/25/2009, Vol. 22 Issue 21, p13 

    The article reports on the acquisition of Cougar Biotechnology by Johnson & Johnson, a global pharmaceutical and retail products company. It states that Cougar will be acquired for nearly 1 billion U.S. dollars or about 43 U.S. dollars per share. Cougar is a developer of products to treat...

  • In Icahn's Eyes: Laser Co. Should Land Buyer. Roberts, Ricardo // Mergers & Acquisitions Report;10/30/2000, Vol. 13 Issue 43, p1 

    Focuses on the suggestion of Carl Icahn, a shareholder in VISX Inc., that the company should consider looking for acquirors. Why VISX does not need to find a buyer; Products developed by the company; Stock price as of October 30, 2000; Potential buyers.

  • For VISX, WIll Icahn See His Bid Through? Roberts, Ricardo // Mergers & Acquisitions Report;4/30/2001, Vol. 14 Issue 18, p1 

    Reports on the acquisition bid made by Carl Icahn on VISX Inc. Stock valuation of VISX as of 2001; Estimated cost of the acquisition; Other companies acquired by Carl Icahn.

  • Recycler Commercial Metals Ponders Icahn Buyout Offer. Gerlat, Allan // Waste Age Expert Blog;11/29/2011, p17 

    The article reports on the move of recycler and manufacturer Commercial Metals Co. to consider an acquisition offer from investor Carl Icahn in 2011.

  • Today's Transactions: CVR Energy Enters Deal with Icahn, Dissatisfied with Price. NOTO, ANTHONY // Mergers & Acquisitions Report;4/23/2012, Vol. 25 Issue 17, p19 

    The article reports on a 2.26 billion U.S. dollar acquisition agreement signed by billionaire investor Carl Icahn for oil refiner CVR Energy Inc.

  • Icahn's Proposal to Sell JLG Not Supported at Oshkosh.  // Rental Equipment Register Exclusive Insight;1/27/2012, p20 

    The article reports that investor Carl Icahn has expressed his opposition to the retention of 12 of the 13 members of Oshkosh Corp.'s management team, stating the role of the company's acquisition of aerial work platform manufacturer in hurting the company's stock price.

  • Icahn Buys Manitowoc Stake. Investor's Business Daily // Investors Business Daily;12/30/2014, pA01 

    5 The activist investor disclosed a 7.77% stake with 10.5 mil shares worth about $146.6 mil. Carl Icahn wants

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics