GPC/NeoTherapeutics: Winners and Losers

Struggling for cash after its lead compound failed earlier this year, NeoTherapeutics had little choice but to out-license its Phase II cancer compound, satraplatin. Germany's GPC Biotech was ready to strike. Unlike its compatriots, GPC has the cash-and newly hired management experience-to fund and oversee the rest of satraplatin's development.