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Initial Public Offering Nets University of Michigan Pharmaceutical Spinoff More Than $80 Million

from AnnArbor.com

A spinoff pharmaceutical company of the University of Michigan Office of Technology Transfer raised nearly $82 million in an initial public offering. OncoMed Pharmaceuticals, now based in Redwood City, Calif., is developing a series of drugs meant to combat the cancer stem cells that are responsible for driving the growth and metastasis of tumors. more


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