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Law Practice

Jul. 6, 2009

Biotech Firms Merge to 'Survive'

In a trend that is heating up due to turbulent market conditions, San-Francisco-based Cell Genesys announced a $38 million merger with BioSante Pharmaceuticals Inc., of Lincolnshire, Ill.

By Pat Broderick
Daily Journal Staff Writer

In a trend that is heating up because of turbulent market conditions, Cell Genesys, a San Francisco-based biotech company, has announced a $38 million merger with BioSante Pharmaceuticals Inc., headquartered in Lincolnshire, Ill.

The all-stock deal, approved unanimously by both boards, is expected to be completed later this year pending approval by stockholders, according to Sam Zucker, a partner in the ...

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