Montréal-based MethylGene Inc., a publicly-traded, venture-backed biopharmaceuticals company, has proposed reincorporating in the state of Delaware under a new parent organization called Mirati Therapeutics Inc. As part of the arrangement, Mirati will apply to list shares on NASDAQ. The plan, to be approved by shareholders in June, seeks to increase Methylgene’s financing options and profile in the United States, among other factors. The company’s investors include several Canadian and U.S. venture capital firms, including Baker Brothers, BDC Venture Capital, Fonds de solidarité des travailleurs du Québec (FTQ), GeneChem, OriMed Advisors, ProQuest Investments, Tang Capital and Tavistock Life Sciences.
Yahoo’s $1.1 billion planned purchase of blogging site Tumblr is the largest exit of a pre-public venture-backed New York-based company
Author : mboslet
The surging popularity of bitcoin has some brand-name venture capitalists investing real money in the controversial virtual currency. Just since
Author : laragon
It’s that time of the year when every VC (or, well, most VCs) secretly pulls up Forbes’ Midas list and,
Author : mahendra
Blackstone Group LP is planning to create a hedge fund which will consist of the boldest trades from the third-party
Author : reuters-news
Shares of Tableau Software soared nearly 64% on Friday, promising a massive return for its venture capital backers New Enterprise
Author : lbeltran
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Blackstone Group LP and Prologis Inc have agreed to buy a portfolio of 17 million square feet of warehouse and distribution centers whose majority owner is Lehman Brothers for about $960 million, sources tell […]
Building products maker CPG International is being prepared for a sale by its private equity owner, a deal that could fetch between $1 billion and $1.5 billion, sources tell Reuters.
NEW YORK, May 22 (Reuters) […]
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