Navigation Links
VaxGen Issues Rebuttal to MedCap Letter
Date:3/25/2008

y new institutional investors who would

otherwise be attracted by Raven's technology.

VaxGen would note that, in arriving at the terms offered to Raven

stockholders in the proposed merger, it, together with its advisors

at Lazard, used a number of methodologies to value Raven, all of

which showed the proposed transaction to be fair to VaxGen

stockholders based on VaxGen's stock price at the time. Given the

fall in VaxGen's stock price since then, the valuation placed on

Raven's assets is even less demanding, especially in light of recent

transactions in the oncology monoclonal antibody (MAb) arena.

3. ISS' finding that the transaction lacks strategic rationale is, in

the company's view, flawed. It appears to be based on the limited

perspective that VaxGen is a vaccine company whereas Raven is an

antibody company. In fact, most of VaxGen's vaccine programs were

based on recombinant proteins of which monoclonal antibodies are a

subset. As evidence of this, it is noteworthy that VaxGen was the

technology partner and largest founding shareholder of Celltrion,

one of the largest independent manufacturers of mammalian cell

recombinant proteins, including monoclonal antibodies. Further, as

previously disclosed, a number of VaxGen scientists are already

engaged on Raven programs under arms-length contractual

arrangements, suggesting that synergies between the two merged

companies indeed do exist. In reality, VaxGen's later-stage drug

development expertise is highly complementary to Raven's discovery

and early stage capabilities.

4. ISS' has estimated that liquidation of VaxGen would result in

proceeds with a present value of only $0.49 per share. We do not


'/>"/>

SOURCE VaxGen Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11

Related biology technology :

1. VaxGen Files 2006 Financial Statements and Provides Cash Update
2. VaxGen Further Restructures to Preserve Cash as It Pursues Strategic Initiatives
3. VaxGen Files First Quarter 2007 Financials
4. Jack Anthony to Resign From VaxGens Board After Accepting CEO Position at Osprey Pharmaceuticals
5. VaxGen Files Last Outstanding Periodic Report With SEC
6. VaxGen Addresses MPM Claims in Letter to Stockholders
7. VaxGen Common Stock Expected to Qualify for Quotation on OTC Bulletin Board
8. VaxGen Stockholders Overwhelmingly Approve Reverse Split Proposal
9. VaxGen and Raven Announce Form S4 Registration Statement Declared Effective
10. VaxGen to Present at the 10th Annual BIO CEO and Investor Conference
11. VaxGen Reports Financial Update
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... Nueva Jersey , 22 de enero de 2015 ... Research abre hoy su llamada a nominaciones para 2015. ... científica ha hecho, o tiene el potencial para hacer, ... Las nominaciones se aceptarán hasta el 15 de marzo ...
(Date:12/25/2014)... The report “Service Quality Management and ... Provider Type - Global Advancements, Worldwide Forecasts & Analysis ... analysis and forecasting of revenues. , Browse 152 ... and in-depth TOC on “Service Quality Management (SQM) and ...
(Date:12/24/2014)... “Preparative & Process Chromatography Market by ... Solvents, Buffers, Valves, Guages, Seals), Accessories, Services, End ... to 2019” provides a detailed overview of the ... and strategies impacting the preparative and process chromatography ...
(Date:12/24/2014)... (PRWEB) December 23, 2014 According to Ross ... Island Affiliate of ITRA Global, the national office market continues ... recovery. This is evidenced by the third quarter’s surprising ... market. Low energy costs have held inflation down and ...
Breaking Biology Technology:El Dr. Paul Janssen Award for Biomedical Research emite su llamada a los nominados para 2015 2El Dr. Paul Janssen Award for Biomedical Research emite su llamada a los nominados para 2015 3El Dr. Paul Janssen Award for Biomedical Research emite su llamada a los nominados para 2015 4Service Quality Management Market worth $2.1 Billion & Telco Customer Experience Management Market worth $2.3 Billion by 2019 – New Report by MarketsandMarkets 2Service Quality Management Market worth $2.1 Billion & Telco Customer Experience Management Market worth $2.3 Billion by 2019 – New Report by MarketsandMarkets 3Service Quality Management Market worth $2.1 Billion & Telco Customer Experience Management Market worth $2.3 Billion by 2019 – New Report by MarketsandMarkets 4Preparative and Process Chromatography Market is expected to reach $9 billion by 2019 - New Report by Marketsandmarkets 2Preparative and Process Chromatography Market is expected to reach $9 billion by 2019 - New Report by Marketsandmarkets 3Preparative and Process Chromatography Market is expected to reach $9 billion by 2019 - New Report by Marketsandmarkets 4ITRA Global Reports Long Island Is Out of Sync With The National Office Market 2ITRA Global Reports Long Island Is Out of Sync With The National Office Market 3
... AutoGenomics, a leader in developing automated molecular testing solutions, ... Canada Research Chair in Medical Genomics, Professor Jacques Corbeil ... resistance, Professor Guy Boivin has used its enhanced respiratory ... the new Flu A - Swine H1N1 virus. "The ...
... hydroponics file cabinet, Dealzer.com has announced the release of the new ... turnkey, and affordable to consumers nationwide. , ... Northridge, ... a hydroponics file cabinet, Dealzer.com has announced the release of the ...
... Support the Global R&D and Healthcare CommunityPHILADELPHIA and LONDON, ... the global healthcare community working to prevent and address ... outbreak, the Healthcare and Science business of Thomson Reuters, ... and professionals, today announced the free availability of its ...
Cached Biology Technology:AutoGenomics New RVP Assay Addresses Current Challenge to Detect Flu A - Swine H1N1 2Dealzer Hydroponics Introduces the Super-File Cabinet Grow Box System 2Thomson Reuters Makes Disease Briefing on Influenza Covering H1N1 (Swine Flu) Publicly Available 2Thomson Reuters Makes Disease Briefing on Influenza Covering H1N1 (Swine Flu) Publicly Available 3
(Date:1/22/2015)... 2015 , Europe,s ... The European Patent Office to present a video retrospective of the ... be featured: Christofer Toumazou and Sophie Wilson   ... winners of the Award   Starting on 22 January ...
(Date:12/22/2014)... Dec. 22, 2014  NXT-ID, Inc. (NASDAQ: NXTD ... focused on the growing mobile commerce market, announces it has ... for the 2015 International CES debut of the Wocket™ ... will be at the NXT-ID booth January 6th and 7 ...
(Date:12/19/2014)...  23andMe, Inc., the leading personal genetics company, today announced the ... ancestry of individuals from across the United States ... four hundred years ago, the United States ... different continents. This study illuminates how American history and the ...
Breaking Biology News(10 mins):Ten Years of the European Inventor Award: A Retrospective Look at the Inventors and Ideas That Have Changed Our Lives 2Ten Years of the European Inventor Award: A Retrospective Look at the Inventors and Ideas That Have Changed Our Lives 3NXT-ID Hires Master Pickpocket and Security Consultant Apollo Robbins for Wocket Smart Wallet CES 2015 Debut 2NXT-ID Hires Master Pickpocket and Security Consultant Apollo Robbins for Wocket Smart Wallet CES 2015 Debut 3NXT-ID Hires Master Pickpocket and Security Consultant Apollo Robbins for Wocket Smart Wallet CES 2015 Debut 423andMe Study Sketches Genetic Portrait of the United States 223andMe Study Sketches Genetic Portrait of the United States 323andMe Study Sketches Genetic Portrait of the United States 4
... NEW YORK CITY - Dr. Marie-Jolle Rochet, a research ... of the Sea) has been awarded the prestigious Pew ... commercial fishing approaches is least harmful to the delicately ... urge international officials to encourage widespread use of that ...
... Dr. Andrew C. Baker has been awarded the prestigious 2008 ... from climate change. Dr. Baker, an Assistant Professor at the ... to enhance the thermal tolerance of corals and help them ... native of the United Kingdom, is among five of the ...
... Institute for Ocean Science (www.pewoceanscience.org) today announced the ... Conservation, the preeminent fellowship in support of ocean ... $150,000 to conduct innovative three-year projects that are ... fisheries, and enhance the effectiveness of marine protected ...
Cached Biology News:2008 Pew Fellowship in Marine Conservation awarded to Dr. Marie-Joëlle Rochet from IFREMER 22008 Pew Fellowship in Marine Conservation awarded to Dr. Marie-Joëlle Rochet from IFREMER 32008 Pew Fellowship in Marine Conservation awarded to Dr. Marie-Joëlle Rochet from IFREMER 42008 Pew Fellowship in marine conservation awarded to UM Rosenstiel's Dr. Andrew Baker 22008 Pew Fellowship in marine conservation awarded to UM Rosenstiel's Dr. Andrew Baker 32008 Pew Fellowship in marine conservation awarded to UM Rosenstiel's Dr. Andrew Baker 4Pew Institute for Ocean Science awards 5 fellowships in support of global marine conservation 2Pew Institute for Ocean Science awards 5 fellowships in support of global marine conservation 3Pew Institute for Ocean Science awards 5 fellowships in support of global marine conservation 4
AdestaTM Tissue/Cell Preservation Medium Sterile / Non-sterile: Sterility Tested Endotoxin: ...
... the first all-inclusive collection of key procedures ... System. Methods developed by the leaders in ... protocols. This book will guide you from ... construction and analysis, to production of your ...
Rad 51C Immunogen: His-tagged human Rad 51C, over-expressed in E. coli Storage: 4 C...
...
Biology Products: