Abraxis BioScience

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Abraxis BioScience is a global biopharmaceutical company dedicated to meeting the needs of critically ill patients, with over 2000 employees worldwide.[1] Abraxis' portfolio includes the world's first protein-based nanoparticle chemotherapeutic compound called nab Technology.[2] From this the company has developed Abraxane, a treatment for metastatic breast cancer.[3] On June 30, 2010, it was announced that Abraxis BioScience would be acquired by Celgene Corporation.[4]

HIstory

Restructure of 2007

In August 2007, Abraxis announced it would undergo a restructuring to separate it's "hospital-based products business" from its "proprietary products business" into two public companies; this would involve the merging of Abraxis Oncology and Abraxis Research subunits to form a new Abraxis Bioscience (Abraxis Bioscience, Inc., NASDAQABII), and the spinoff of Abraxis Pharmaceutical Products (APP, Inc., NASDAQAPPX).[5] This reorganization was completed in November 2007.[6] During the reorganization, the new Abraxis Bioscience was known briefly as "New Abraxis".[6]

References

  1. BioPortfolio, 2007, "InDepth Summary", 10/11/2009[dead link]
  2. Abraxis BioScience, 2008, "Nab Technology", 10/11/2009
  3. Hoovers.[dead link]
  4. Celgene, 30 June 2010, "Celgene To Acquire Abraxis BioScience Inc." (press release), 8/6/2015.
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  6. 6.0 6.1 Lua error in package.lua at line 80: module 'strict' not found.

External links


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