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Cell-Matrix Acquisition Completed.(Brief Article)

Vaccine Weekly

| February 13, 2002 | COPYRIGHT 2002 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

2002 FEB 13 - (NewsRx.com & NewsRx.net) -- CancerVax Corp. has completed its acquisition of Cell-Matrix, Inc., a privately held, development stage biotechnology company with intellectual property, technology, and product candidates in the field of angiogenesis.

The acquisition of Cell-Matrix, which will be retained as a wholly owned subsidiary of CancerVax, was accomplished through a merger with a new, wholly owned subsidiary of CancerVax for a combination of stock and assumption of debt. The Company believes that Cell-Matrix's technology may be synergistic with CancerVax's current work in cancer immunotherapy and with chemotherapeutic agents in the treatment of cancer.

CancerVax gains access to ...

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