J.P. Morgan Notebook: Monday, January 13

Welcome to “The Pink Sheet” DAILY’s round-up of news and notes from the first full day of the 2014 J.P. Morgan health care conference, including chats with the CEOs of Elcelyx Therapeutics and Arecor, news from Juno Therapeutics and Galena Biopharma, and more.

Alain Baron is president and CEO of two start-ups: the better-than-metformin metformin company Elcelyx Therapeutics Inc., and NaZura BioHealth Inc., which is developing a nutritional supplement for weight loss. The two efforts share an entire management team and investor base, and were split into two entities to better facilitate an exit for the companies’ investors. The firms do not, however, share a “For Sale” sign.

That is exclusively for Elcelyx. Baron said during an interview at J.P. Morgan Monday that the company is in talks...

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