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10/02/2012

Xenetic CEO says its focus is about controlling its own future and so create shareholder value

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Market: AIM
Sector: Pharmaceuticals & Biotechnology
EPIC: XEN
Latest Price: 5.88p  (0,00%)
52-week High: 12.13p
52-week Low: 5.88p
Market Cap: 23.98M
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Xenetic Biosciences
www.lipoxen.co.uk

Xenetic Biosciences (formally Lipoxen) is a leading biopharmaceutical company operating from the UK that develops high-value, differentiated pharmaceutical products in the fields of protein drugs, vaccines and anti-cancer drugs. 

The company has developed a range of proprietary patented technologies that are being used to create a new generation of drug and vaccine products with improved performance. Xenetic Biosciences 's technologies include: PolyXen® - Protein drug delivery, ImuXen® - DNA, protein and polysaccharide vaccines and VesicALL® - Anti-cancer drugs using liposomal entrapment.

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Xenetic Biosciences reports slight delay in completing German acquisition

15th Dec 2011, 9:23 am by Andre Lamberti Xenetic Bioosciences specialises in developing high-value differentiated biologic drugs and vaccines

Shares in biopharmaceutical firm Xenetic Biosciences (LON:XEN) said completion of the acquisition of German firm SymbioTec has been delayed again, but should occur soon.

The deal to buy the business, a developer of technology that uses highly-alkaline proteins to treat a broad spectrum of cancers, was announced in August and was initially supposed to close in October. 

It was then put back to today, December 15.

“Whilst the parties continue to work towards a conclusion … it has not been possible to satisfactorily conclude the process in the expected timeframe. The parties now expect to make a further announcement in relation to the acquisition by no later than December 31 2011,” Xenetic said today.

Xenetic Bioosciences specialises in developing high-value differentiated biologic drugs and vaccines.

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