Article: Medarex Subsidiary Celldex, Icagen Planning To Go Public.

Staff Writer

Medarex Inc. is looking to divest a quarter of its interest in a wholly owned subsidiary through a public sale of shares in Celldex Therapeutics Inc., while Icagen Inc. also registered for an initial public offering.

As a result, Bloomsbury, N.J.-based Celldex registered for an estimated $50 million initial public offering. Celldex filed for listing on the Nasdaq exchange under the ticker symbol "CDEX," though it has yet to specify the number of shares planned for sale or their price.

Princeton, N.J.-based Medarex said it would continue to hold about 75 percent of Celldex's outstanding common stock, equal to 9 million shares, ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!