Cellceutix Corp (OTCPK:CTIX) is based in Beverly, Massachusetts and is a clinical stage biotech company. Their product pipeline was doubled with the PolyMedix asset acquisition and now includes three drugs actively in development.
The biotechnology space has been hopping with acquisitions in 2013 as big pharma looks to refuel dwindling pipelines with new therapeutics and stave off shrinking revenue as rivals introduce generic versions of blockbuster drugs. Amgen (AMGN) shares have been on the rise since the company on August 26 said that it will spend $10.4 billion, or $125 per share, to acquire Onyx Pharmaceuticals (ONXX). The purchase is the second largest in Amgen's history, with only the $17-billion acquisition of Immunex in...
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