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Ambrx Looks Across Pacific For A Secure Future

 
• By Ian Haydock

Rather than reviving its own IPO plans, U.S. bioventure Ambrx has turned to a consortium of Chinese investors to secure its future via an acquisition deal that will provide funding for its pipeline and facilitate access to a large market and new partners.

Ambrx Inc. originally filed for an initial public offering in the U.S. around a year ago, through which the San Diego-based venture was planning to raise around $86 million to progress its R&D projects. But the bio-conjugates firm called off the float in June 2014 citing unfavorable market conditions and has since been mostly quiet, releasing few updates on its activities.

Despite the generally favorable biotech investment climate in the U.S. at present, Ambrx is looking across the expanse of the Pacific for a transformational transaction, entering into an agreement to...

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Pharma Women’s Workforce In India: Weak Start, Promotions, C-Suite Drop Off

 
• By Anju Ghangurde

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