August 31, 2016 8:47 PM ET

Biotechnology

Company Overview of NovaRx Corporation

Company Overview

NovaRx Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of cell-based therapeutic vaccines for the treatment of cancer. Its products include Lucanix, a cell-based vaccine for the treatment of advanced stage non-small cell lung cancer; Glionix, a therapy for glioma (brain cancer); and a universal vaccine for patients with colon cancer, breast cancer, and prostate cancer. The company was founded in 1997 and is based in San Diego, California.

6828 Nancy Ridge Drive

Suite 100

San Diego, CA 92121

United States

Founded in 1997

Phone:

858-552-8600

Fax:

858-638-0882

Key Executives for NovaRx Corporation

Executive Chairman and Chief Executive Officer
Age: 43
Founder, Executive Vice Chairman and Chief Scientific Officer
Co-Founder and Director
Chief Financial Officer
Age: 52
Chief Operating Officer
Compensation as of Fiscal Year 2016.

NovaRx Corporation Key Developments

NovaRx Announces Management Changes

Habib Fakhrai, Ph.D., the scientific founder of NovaRx, will retain the position of Chief Scientific Officer. Todd M. Binder has joined as Activate's Chief Operating Officer. Mr. Binder is an experienced life science investor with significant operations and finance expertise, especially in the immunotherapy sector. He was an early investor in and served as acting CFO of ZetaRx.

NovaRx Announces Management Changes

Viropro Inc. has signed a non-binding letter of intent for the acquisition of NovaRx in an all-stock transaction that is expected to close by year-end. Under the terms of the letter of intent, NovaRx will have a board of directors with three members to be appointed by NovaRx, three by Viropro and one by mutual consent. Justin Murdock, a major investor in NovaRx, will be chairman of the NovaRx Board. Habib Fakhrai, the scientific founder of NovaRx and a distinguished member of the faculty of UCLA, will retain the position of chief scientific officer.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 15, 2016
--
Merger/Acquisition
October 22, 2015
--
 

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