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Survival for biotech companies like Agensys Inc. often boils down to two factors: intellectual property and cash. In 2002 Alan Mendelson, of Latham & Watkins, ensured that Agensys Inc. had enough of both to put together a private placement that brought in $42 million. And Agensys' IP portfolio was strong enough to attract biotech giant Genentech Inc.'s attention. Agensys' future looked bright -- but then the Genentech deal tanked.
January 24, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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