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Manufacturing Capability 'The Prize'

Avant, Celldex Plan Merger; New Company Worth $115M

By Randall Osborne

Tuesday, October 23, 2007
The investor thrill that cutbacks last spring failed to provide for Avant Immunotherapeutics Inc. came in spades with news of the company's merger with Celldex Therapeutics Inc., and the all-stock deal creates a new firm worth about $115 million, (based on Avant's closing price Oct. 19), giving privately held Celldex about 58 percent ownership of the new company. (BioWorld Today)

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