Redx Raises Funds And Remains Independent

Yesod Bid 'Substantially Undervalued' UK Biotech

Redx's takeover talks with a consortium led by controversial biotech veteran Sam Waksal, who was jailed for five years over his role in the ImClone stock scandal in 2003, have been terminated but the UK biotech has received a financial lifeline from Redmile and Sofinnova.

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Redx Flies Solo After Talkover Talks End • Source: Shutterstock

Redx Pharma PLC says that discussions about a potential takeover by Yesod Bio-Sciences have been terminated and the UK biotech has decided to stay independent after securing significant funding from two major investment houses.

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