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Bellwether Report.com Shows Interest inAbraxis Bioscience, Inc.

Publication: M2 Presswire
Publication Date: 29-SEP-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-29 September 2006-bellwetherreport.com: Bellwether Report.com Shows Interest inAbraxis Bioscience, Inc.(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:29092006

Bellwether Report Takes Notice of Abraxis Bioscience, Inc. (NASDAQ:ABBI)

The company's pharmaceutical products division makes and markets generic injectable drugs, focusing on the areas of oncology, anti-infectives, and critical care. The company sell its products to specialty distributors and group purchasing organizations such as MedAssets and Novation, which in turn sell them to hospitals and long-term care facilities. The company's onocolgy division is devoted to developing the market for Abraxane, its patented cancer drug. Chairman and CEO Patrick Soon-Shiong has historically controlled the company.

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