Intercell Is Looking for Financial Investors

Businessn.a. ♦ Published: July 19, 2011; 21:38 ♦ (Vindobona)

The ailing Austrian biotech company is in urgent need of cash. An acquisition, strategic partnerships and a capital increase are being evaluated.

Intercell Is Looking for Financial Investors / Picture: © Intercell

Intercell CEO Thomas Lingelbach, who is currently working on the company’s restructuring, is in search of money. “We are looking for financial investors who are willing to bring in cash”, he said in an interview. Besides that, he is looking for other possibilities. “We are not only evaluating M&A, but also strategic partnerships with pharmaceutical companies. We are not…