GEN Exclusives

More »

GEN News Highlights

More »
Nov 23, 2009

Intercytex Wind-Down Continues with Sale of Stem Cell Therapies Assets to Pfizer for $750,000

  • Intercytex has sold part of its stem cell therapeutics subsidiary, Axordia, to Pfizer for $750,000 in cash,  £75,000 ($124,613) of the total payment will be held in escrow until 2010. The company has also closed its offices in the U.K. and U.S., and is now being run by its three executive directors, who are also on notice.

    Intercytex started to implement cash-saving measures in January 2009, less than a month before the company announced that its lead venous leg ulcers product candidate, Cyzact®, failed in Phase III trials. Since then the company has been looking for a merger option or to sell off its assets piecemeal. Intercytex shares stopped trading on the U.K.’s Alternative Investment Market in September.

Related content


GEN Jobs powered by connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
More »

Be sure to take the GEN Poll

Sustainability in New Dietary Guidelines

Do you think that sustainability considerations should be incorporated into the new Dietary Guidelines for Americans?

More »