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Transactions

Aug. 14, 2001

Morrison & Foerster: AFFYMAX BREAKS TIES WITH BRITAIN'S GLAXOSMITHKLINE

London drug giant GlaxoSmithKline has agreed to sell its California drug-discovery business, Affymax Research Institute, to Affymax Inc. - a new company that a syndicate of venture capital firms, including Patricof & Co. Ventures Inc., has founded. The stock deal is worth $4.3 million.

        London drug giant GlaxoSmithKline has agreed to sell its California drug-discovery business, Affymax Research Institute, to Affymax Inc. - a new company that a syndicate of venture capital firms, including Patricof & Co. Ventures Inc., has founded. The stock deal is worth $4.3 million.
        GlaxoSmithKline formed as a result of the merger between British drug companies Glaxo Wellco...

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