Business
Cancer Drug Once Bought for $7 Million May Now Fetch $18 Billion
(Bloomberg) — An overlooked drug bought by a biotech company for a mere $6.6 million a decade ago could become one of the biggest selling cancer treatments ever.
Those high expectations have its maker, Pharmacyclics Inc., considering selling itself in a deal that could be worth as much as $18 billion.
The Sunnyvale, California-based company has attracted interest from companies including Johnson & Johnson and Novartis AG, Bloomberg reported Wednesday. Cancer is one of the most lucrative areas of drug development, and Imbruvica is an easy-to-use pill that costs around $100,000 a year, avoids certain serious side effects of chemotherapy, and patients can stay on it for long periods of time.
The drug has also made a billionaire of Chief Executive Officer Robert W. Duggan. Duggan owns 13.5 million shares, or 18 percent, of Pharmacyclics. The stock constitutes the bulk of his $3.2 billion net worth, according to the Bloomberg Billionaires Index. He amassed most of the shares at a cost of $42 million between 2004 and 2011, when he used his holdings to take a board seat and eventually control of the company.
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Activism
Oakland Post: Week of November 13 – 19, 2024
The printed Weekly Edition of the Oakland Post: Week of November 13 – 19, 2024
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Activism
LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024, 5 p.m. – 6:30 p.m. PST
Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024
5 p.m. – 6:30 p.m. PST
Discussion Topics:
• Since the pandemic, what battles have the NAACP fought nationally, and how have they impacted us locally?
• What trends are you seeing concerning Racism? Is it more covert or overt?
• What are the top 5 issues resulting from racism in our communities?
• How do racial and other types of discrimination impact local communities?
• What are the most effective ways our community can combat racism and hate?
Your questions and comments will be shared LIVE with the moderators and viewers during the broadcast.
STREAMED LIVE!
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YOUTUBE: youtube.com/blackpressusatv
X: twitter.com/blackpressusa
Activism
Oakland Post: Week of November 6 – 12, 2024
The printed Weekly Edition of the Oakland Post: Week of November 6 – 12, 2024
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
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An Inside Look into How San Francisco Analyzes Homeless Encampments
Oakland Post: Week of November 13 – 19, 2024
LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
Oakland Post: Week of November 6 – 12, 2024
OP-ED: The Illusion of Allyship. White Women, Your Yard Signs Mean Nothing to Me
Supernova Parenting Conference Empowers Over 100 Parents with Resources for Neurodivergence and Mental Health
California Leaders Pay Tribute to Quincy Jones
Book Review: Groundbreaking Magic: A Black Woman’s Journey Through the Happiest Place on Earth
With Immigration Reform on the Table, Advocates Put Human Face on Calif’s Migrant Farmworkers
VP Harris Bids Farewell to Howard University Crowd, Urges Supporters to Keep Fighting for America
Opinion: The Politics We Are Stuck With
Will Gov. Newsom’s New Film and TV Tax Credit Prioritize Diversity?
The Next Four Years: Debt and Rent are Among Top Issues for Young California Voters
Newsom Introduces Housing Program for Formerly Incarcerated Individuals
Gov. Newsom Issues Executive Order to Tackle Rising Electric Bills
Alameda County District Attorney Pamela Price Announces $7.5 Million Settlement Agreement with Walmart
‘Jim Crow Was and Remains Real in Alameda County (and) It Is What We Are Challenging and Trying to Fix Every Day,’ Says D.A. Pamela Price
OP-ED: Hydrogen’s Promise a Path to Cleaner Air and Jobs for Oakland
In the City Attorney Race, Ryan Richardson Is Better for Oakland
Unleashing Power: The GLC43 SUV with 416 HP
Oakland Post: Week of October 30 – November 5, 2024
Why DeLorean Chose Stainless Steel: Innovations & Patents
Barbara Lee, Other Leaders, Urge Voters to Say ‘No’ to Recalls of D.A. Pamela Price, Mayor Sheng Thao
AMG GLC43: The Perfect Blend of Power and Practicality
2024 Mercedes Benz GLC 43 AMG: Ultimate POV Test Drive
D.A. Price Charges Coliseum Flea Market Vendors in Organized Retail Theft Case
COMMENTARY: DA Price Has Done Nothing Wrong; Oppose Her Recall
Harris Promises 1 Million Forgivable Loans for Black Businesses
Oakland Post: Week of October 9 – 15, 2024
2024 Local Elections: Q&A for Oakland Unified School Candidates, District 3
LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
AMG GLC43: The Perfect Blend of Power and Practicality
2024 Mercedes Benz GLC 43 AMG: Ultimate POV Test Drive
Unleashing Power: The GLC43 SUV with 416 HP
Why DeLorean Chose Stainless Steel: Innovations & Patents
DeLorean’s Untold Legacy
Why Driving the DeLorean is a Unique Experience
How Will the Outcome of This Election Affect the Auto Industry?
The Ariya Empower+
Trump vs. Biden: EV Showdown
Election’s Auto Industry Impact
The Auto Industry’s Struggle – Recovering from COVID
Unleash the AMG Power!
DeLorean: The Rise, Fall, and Second Acts of the DeLorean Motor Company
2024 AMG GLC43 SUV Review: Unleashing Mercedes-Benz’s Hybrid-Enhanced Power and Design
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Alameda County4 weeks agoAlameda County District Attorney Pamela Price Announces $7.5 Million Settlement Agreement with Walmart
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Activism3 weeks ago‘Jim Crow Was and Remains Real in Alameda County (and) It Is What We Are Challenging and Trying to Fix Every Day,’ Says D.A. Pamela Price
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Bay Area4 weeks agoIn the City Attorney Race, Ryan Richardson Is Better for Oakland
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Activism3 weeks agoOakland Post: Week of October 30 – November 5, 2024
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Alameda County3 weeks agoD.A. Price Charges Coliseum Flea Market Vendors in Organized Retail Theft Case
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