Sangamo BioSciences, Inc. Research Report
On August 26, 2013, Sangamo BioSciences, Inc. (Sangamo) announced that it has signed a definitive agreement to acquire Ceregene, Inc. (Ceregene), a privately held biotechnology company focused on developing adeno-associated virus (AAV) gene therapies.The Company informed that in accordance with the terms of the agreement, Sangamo will issue to the stockholders of Ceregene 100,000 shares of Sangamo's common stock, representing less than 0.2% of Sangamo's total shares outstanding. Further, the Company has agreed to make contingent earn-out payments to the stockholders of Ceregene based upon revenues generated from license or sales transaction of certain existing products of Ceregene. Sangamo expects the acquisition to close in September 2013, and does not expect it to have any impact on the Company's financial guidance for full-year 2013 operating expenses or year-end cash balance. The Full Research Report on Sangamo BioSciences, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-09/SGMO]
PDL BioPharma, Inc. Research Report
On September 9, 2013, PDL BioPharma, Inc. (PDL) announced revenue guidance for Q3 2013. The Company expects revenues of approximately $97 million, as compared with revenues of $85 million reported in Q3 2012, representing an increase of 14.1% YoY. The Company informed that its revenue guidance is driven by increased Q2 2013 sales for Avastin, Herceptin, Lucentis, Xolair, Kadcyla, Perjeta, and Actemra, for which PDL receives royalties in Q3 20
|SOURCE Investors' Reports|
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