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CXS, CHEMGENEX PHARMACEUTICALS LTD
ShareScene.com
post Posted: Aug 25 2011, 11:56 AM
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Delisted following completion of the takeover offer made by Cephalon Inc on 22/07/2011.

 
santina
post Posted: Mar 31 2011, 06:43 AM
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In Reply To: plastic's post @ Mar 30 2011, 02:14 PM

Plastic...thank you for the article. Personally I am hoping the take-over does not eventuate.

 
plastic
post Posted: Mar 30 2011, 02:14 PM
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In Reply To: santina's post @ Mar 30 2011, 12:13 PM

Pretty well explains it.

http://www.businessweek.com/news/2011-03-3...-7-billion.html



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What did Uncle Mel do to us?

Said 'Thanks' for this post: santina  
 
santina
post Posted: Mar 30 2011, 12:13 PM
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In Reply To: plastic's post @ Mar 30 2011, 11:57 AM

Apparently there is some trouble with the takeover deal as another firm is offering a takeover of Cephalon.

Anyone got any more info??

 
plastic
post Posted: Mar 30 2011, 11:57 AM
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QUOTE
Just a week after striking a deal to buy out Gemin X for up to $525 million, Cephalon ($CEPH) is continuing its buyout spree with yet another acquisition of a small cancer drug developer with a late-stage product in hand.

Cephalon will shell out about $163 million to acquire all the outstanding shares of ChemGenex. The deal values the biotech at about $225 million. Shares of Australia's ChemGenex Pharmaceuticals raced up more than 50 percent after investors got wind of Cephalon's newly forged pact to buy out the cancer drug developer.

The key to ChemGenex's value is Omapro, a new drug for chronic myeloid leukemia that has wrapped Phase III and is poised to head to the FDA for a possible approval later in the year. "The proposed transaction allows ChemGenex shareholders to realize cash proceeds at a significant premium to recent trading levels and adds an interesting late-stage opportunity to our portfolio," said Cephalon CEO Kevin Buchi.

ChemGenex has presented data demonstrating Omapro's ability to inhibit protein translation of short-lived oncoproteins that are up-regulated in leukemic cells. Investigators also have reviewed pre-clinical research showing that omacetaxine kills human CML stem cells.


Read more: Cephalon continues buyout spree with $163M ChemGenex deal - FierceBiotech http://www.fiercebiotech.com/story/cephalo...9#ixzz1I2mgWQvQ
Subscribe: http://www.fiercebiotech.com/signup?source...h-FierceBiotech






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What did Uncle Mel do to us?

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mme
post Posted: Mar 23 2010, 03:53 PM
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In Reply To: BSA's post @ Mar 23 2010, 02:54 PM

Yep bit unusual for me to do a day trade but happened to have a day off and CXS looked good under 30 cents!! biggrin.gif Time for a beer!!

 


sirob
post Posted: Mar 23 2010, 02:59 PM
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In Reply To: mme's post @ Mar 23 2010, 02:38 PM

Well done mme, you took the punt you deserve the handsome profits. nearly got in this morning myself but hesitated and missed the opportunity.

 
BSA
post Posted: Mar 23 2010, 02:54 PM
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In Reply To: mme's post @ Mar 23 2010, 02:38 PM

Bloody day traders!!
tongue.gif



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mme
post Posted: Mar 23 2010, 02:38 PM
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In Reply To: mme's post @ Mar 23 2010, 01:12 PM

Out at 44.5 cents. Luck to holders. biggrin.gif

 
mme
post Posted: Mar 23 2010, 01:12 PM
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In Reply To: meerkat's post @ Feb 24 2010, 01:47 PM

Bought in at 27ish this morning. Happy with the current share price! biggrin.gif

 
 


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