Circadian swallows Vegenics
Tuesday, 15 July, 2008
Circadian Technologies [ASX: CSR] is to acquire 100 per cent ownership of Vegenics as part of its strategy to transform Circadian from a biotech incubator to a full-scale drug development company.
Under the agreement, Circadian is to purchase the 33 per cent share owned by Vegenics co-founders the Ludwig Institute for Cancer Research and Licentia Limited.
Circadian will assume complete control of the rights to and development of Vegenics' VEGF technology.
In return, Circadian will give the Ludwig Institute and Licentia shares totalling 11 per cent ownership of the company, with more shares on offer once certain product development milestones are met.
Protein-based therapy helps the body remove harmful cells
Scientists have created a protein-based therapeutic tool that could change the way we treat...
Diabetes changes the structure of our hearts, study finds
Type 2 diabetes directly alters the heart's structure and energy systems, which explains why...
Beta blockers could halt triple negative breast cancer
Researchers have identified a molecular biomarker in triple negative breast cancer tumours which...
