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South Korea's Celltrion, Inc. (068270.KQ) In Talks For Stake Sale


1/2/2014 10:00:59 AM

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South Korea's Celltrion Inc said in a regulatory filing on Thursday that its largest shareholder is in talks with an interested party or parties to sell a controlling stake in the biotech firm. Celltrion received European backing to sell a copycat version of the blockbuster rheumatoid arthritis drug Remicade last year. Celltrion chose JP Morgan to advise on the sale last year, after its president said he will seek a buyer among multinational drugmakers for the controlling interest in the firm.

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