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News

Homegrown biotech to flourish in OKC

By admin | News | Comments are Closed | 7 December, 2015 | 0

Oklahoma City has hit its share of biotech home runs.

Alexion, the biotech giant with a market capitalization of almost $40 billion, grew out of discoveries made at the Oklahoma Medical Research Foundation. Likewise, work at the University of Oklahoma Health Sciences Center gave birth to Novazyme Pharmaceuticals, which Genzyme purchased for more than $200 million in 2001. And Myriad Genetics acquired OMRF spin-off Crescendo Biosciences in 2014 for $270 million.

Chinese company acquires Cytovance Biologics

By admin | Entrepreneur, News | Comments are Closed | 25 August, 2015 | 0

Cytovance Biologics Inc., an Oklahoma City-based pharmaceutical contract manufacturer, will be acquired by a unit of a Chinese company in a $206 million deal, the companies announced Monday.

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