Bio Briefs
Posted By
Recent Posts on This Topic | See All >
How Abraxis sale might impact Phoenix bioindustry
Tags: cancer[Source: Phoenix Business Journal] - Abraxis BioScience Inc., a Los Angeles company that opened a biopharmaceutical manufacturing plant in Phoenix last year, is being sold to Celgene Corp. for $2.9 billion, but it is unclear what that means for the local bioindustry.
Dr. Patrick Soon-Shiong, Abraxis founder and chairman who also has a major role in the new Phoenix nonprofit Health Transformation Institute, could not be reached for comment.
Soon-Shiong will get $2 billion from the sale, based on his ownership of 33 million shares, or 80 percent of the company. The sale will give him more time and money to invest in his pursuit of personalized medicine, one of the areas of focus of HTI.
For more information: How Abraxis sale might impact Phoenix bioindustry
Quick Links
![]()
“A Bridge Crossed,” a brochure featuring the 2012 progress of Arizona’s Bioscience Roadmap, as well as "Performance Assessment 2002-12," featuring the latest bioscience sector data from Battelle Technology Partnership Practice, are now available.


Share on Twitter
Share on Facebook


