The World Market PEGylated Protiens $7B in 2012, Growing Faster than Biopharma or Pharma
"PEGylation first hit the mainstream with the US Food and Drug Administration's (FDA's) 1990 approval of Enzon Pharmaceuticals's Adagen bovine adenosine deaminase, which is used to treat X-linked severe combined immunodeficiency disease (SCID). A full dozen PEGylated products have since been approved, and more are in research and development (R&D) pipelines even now. The worldwide market for PEGylated proteins was about $7 billion in 2012, according to figures from Mountain View Pharmaceuticals. Mark Saifer, the company's vice president and scientific director, predicts that “sales of PEGylated protein therapeutics will grow faster than the biopharmaceutical market, which itself is growing faster than the pharmaceutical market as a whole. I believe this to be true even though some of the earliest PEGylated protein drugs have attracted the attention of biosimilar developers.”"
Search "BioProcess Special Report" "Jim Kling"
Check it out, Enzon is/was one of a dozen world leading companies in PEGylation technology.
Let me see if I get this right, Enzon's some 100+ patents and several of the key scientists (still treading water) are worth less than $1 million!!!! You have to be fkg kidding me!
Conspiracy, robbery, piracy, fraud, call it what you like! I've been involved in market research for 25 years, 10 of those as a VP at a fortune 200 company, this is Bull Sheet!
I can't remember when Enzon last had a CC-- I believe it has been almost 3 yrs. Enzon maybe just could not sell the company. Lazard would know what offers enzon had out there. Maybe Lazard can tell us if there were better offers on the table.
I think it'd be really stupid of Icahn to scam us here. This enzon deal would be worth very little to the guy--- why do something illegal and risk a huge amount for ONLY--in his pocket--a small amount of cash. There has to be more to this story.