Biotech SF: SuperGen

Showing posts with label SuperGen. Show all posts

Wednesday, July 20, 2011

SuperGen closes deal with Astex; CEO wins $410K bonus

Overcoming shareholder criticism, SuperGen Inc. closed Wednesday on its acquisition of Astex Therapeutics Ltd. that won its CEO a $410,000 bonus and its new president a $449,000 salary.

Wednesday, April 6, 2011

Cancer drug companies SuperGen, Astex to merge in cash, stock deal

Cancer drug developers SuperGen Inc. and Astex Therapeutics Ltd. will merge in a deal that will pay Astex shareholders $25 million upfront and SuperGen stock as well as deferred compensation of $30 million in stock or cash over 30 months, the companies said late Wednesday.
Dublin-based SuperGen (NASDAQ: SUPG) and Astex, based in Cambridge, United Kingdom, expect the deal to close in July, subject to regulatory and shareholder approvals.

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Some of my favorite stories.

• "The fight of his life" (2007)

Last year Mike Homer helped raise the money for 2,000 medical research computers. Now researchers are using that equipment in an attempt to save his life.

• "For reporter, CJD is more than a story" (2007)

Seven years ago -- nearly to the day -- my mother died of Creutzfeld-Jakob Disease.

• "A son's YouTube plea for Avastin" (2010)

Josh Turnage is your typical teenager, trying to discover what he wants to do in college and with his life. But a 7-minute, 41-second YouTube video he produced about his mother's fight with breast cancer may thrust him into a debate between drug makers and the agency that regulates them.

• "New device could knock out old dialysis technology" (2011)

Shuvo Roy has all the makings for the world's first implantable artificial kidney, thanks to nanotechnology and a web of nationwide collaborations.

All he needs now is $20 million.