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Roche Acquires Insulin Patch Pump Maker Medingo For Up To $200 Mil.

This article was originally published in The Pink Sheet Daily

Executive Summary

Firm is ramping up production for expected 2012 launch of the Solo pump.

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With One Foot Firmly Planted In Oncology, Roche Moves The Other Into CV/Metabolic

The Swiss drug maker, long a leader in oncology, is vying to become a frontrunner in treating cardiovascular disease and metabolic disorders.

Medingo deal?

Developer of the Solo miniature insulin dispensing patch pump, which is 92% owned by diversified conglomerate Elron, could be sold for up to $213 million, including milestone payments, based on a "non-binding indication of interest" from an un-named third party, Elron says Oct. 26. But a Medingo deal would be subject to signing of a definitive agreement, and currently "there is no assurance of the occurrence, timing or terms of any such transaction," the firm says

Cancer-Genomics Firm Quanticel Debuts With Close Ties To Celgene, And An Exit In Mind

Celgene will get exclusive use of Quanticel's single-cell genomic analysis to tweak its clinical pipeline, and it also has exclusive options to acquire the venture-backed start-up.


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