Navigation Links
Genaera Liquidating Trust To Sell Remaining Proprietary Assets
Date:1/11/2010

SOUTHAMPTON, Pa., Jan. 11 /PRNewswire/ -- Argyce LLC, the trustee of the Genaera Liquidating Trust (the "Trust"), http://www.genaera.com, will divest the remaining drug development program assets of Genaera Corporation on an "as-is" basis. The Trust is soliciting bids to be received no later than February 12, 2010 for the assets, which may be purchased separately or in combination. Any person interested in purchasing the assets or learning more about the bidding process should contact the trustee's CEO, John Skolas.

The assets to be sold include the following:

  • IL-9 Antibody Licensor's Interest: AstraZeneca, through its subsidiary, MedImmune, Inc., is actively developing MEDI-528, a fully humanized monoclonal antibody to interleukin-9 ("IL-9"), as therapy for moderate to severe persistent asthma (collectively "the IL-9 program") and has announced its intention to proceed to a phase 2b trial. The Trust holds the licensor's interest formerly held by Genaera Corporation in the IL-9 antibody program, which includes rights to development and sales milestones and royalties on approved product sales; and
  • Pexiganan Acetate: Pexiganan is a novel, small peptide anti-infective, active against multi-drug resistant bacteria (MRSA, MDRAB), developed in a topical cream form. Pexiganan is the subject of an open IND and a pending New Drug Application ("NDA") for diabetic foot infection. In clinical trials conducted by Genaera, over 1,000 human subjects were exposed to pexiganan without safety concerns, including 418 patients who received pexiganan in two phase 3 clinical trials submitted in a NDA to the U.S. Food and Drug Administration in 1998.

Interested parties can obtain a copy of a non-confidential information package for each product along with a Confidential Disclosure Agreement ("CDA") by contacting John Skolas (trustee@genaera.com, phone 267-988-4079), Genaera Liquidating Trust, 610 Second Street Pike, Southampton, PA 18966. Following execution of the CDA, a confidential information package will be provided for each product.

The Genaera Liquidating Trust is managed by Argyce LLC, a boutique consulting and interim management firm focused on companies in transition - typically in early or late stages of a small company life cycle. Examples of such transitions include companies undergoing major management changes, start ups moving from incubator to operating stage, managed liquidations, liquidating trust services for life sciences companies and crises requiring creativity and stability.

ARGYCE serves small public companies and private equity/venture backed private companies. http://www.argyce.com .

SOURCE Genaera Liquidating Trust

RELATED LINKS
http://www.genaera.com

'/>"/>

SOURCE Genaera Liquidating Trust
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. Genaera Receives Non-Compliance Notice from Nasdaq
2. Genaera to Present at BIO-Europe 2008
3. Genaera Corporation Announces Second Quarter Financial Results
4. Genaera Corporation Elects Paul K. Wotton to Board of Directors
5. Genaera Corporation to Present at BIO Business Forum
6. Genaera Corporation Announces First Quarter Financial Results
7. Genaera Corporation Announces 2007 Financial Results
8. Genaera Corporation to Participate in Diabetes and Obesity Panel at RBC Capital Markets Healthcare Conference
9. Genaera Corporation Announces Third Quarter Financial Results
10. Genaera to Present at Biotech 2007 and BIO InvestorForum
11. Genaera Elects New Board Member and Announces Executive Appointments
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/27/2016)... ... ... Weeks after hosting a carpal tunnel syndrome workshop with Dr. Oz on ... of the Fitzmaurice Hand Institute, has announced the addition of MRI diagnostic imaging services ... only 1 of about 3 currently available in the United States. Developed specifically for ...
(Date:5/27/2016)... NC (PRWEB) , ... May 27, 2016 , ... Doctors ... analyzing dozens of studies on the BRCA-1 associated protein (BAP1) gene and its link ... the website. Click here to read the full article now. , The ...
(Date:5/27/2016)... , May 27, 2016 At ... investors playing in this space know that volatility is what ... featured companies on ActiveWallSt.com: Synta Pharmaceuticals Corp. (NASDAQ: ... Lpath Inc. (NASDAQ: LPTN ), and Heat Biologics ... gain access to the technical alerts for these stocks at: ...
(Date:5/26/2016)... Jersey and READING, England ... Indegene ( http://www.indegene.com ), a leading global ... life science, pharmaceutical and healthcare organisations and TranScrip ... innovative scientific support throughout the product lifecycle, today ... the launch of IntraScience.      (Logo: ...
Breaking Biology Technology:
(Date:3/22/2016)... March 22, 2016 ... Sensors Market for Consumer Industry by Type (Image, ... Application (Communication & IT, Entertainment, Home Appliances, ... Forecast to 2022", published by MarketsandMarkets, the ... to reach USD 26.76 Billion by 2022, ...
(Date:3/15/2016)... --> --> ... Research "Digital Door Lock Systems Market - Global Industry Analysis, ... global digital door lock systems market in terms of revenue ... forecast to grow at a CAGR of 31.8% during the ... enterprises (MSMEs) across the world and high industrial activity driving ...
(Date:3/11/2016)... , March 11, 2016 ... market research report "Image Recognition Market by Technology (Pattern ... and Advertising), by Deployment Type (On-Premises and Cloud), by ... 2022", published by MarketsandMarkets, the global market is expected ... USD 29.98 Billion by 2020, at a CAGR of ...
Breaking Biology News(10 mins):