Cancer treatment makes Endocyte premium takeover target

Please subscribe to IBJ to decode this article.

nf re vsadet anpmk e eacvcsnioytIleer 8i i m ca eur ns ;tn u ra; to hdirrnr1 osahmgosnr7atd eonde s2nhlfabynEp Na&th e & xesrc2c atoo ditp -t8a icseemnn7.i #yc1u#o.dmp mtowgtosat um e eytiIdeh saem,cb nc

naderaiega tenitd ocgusrkeiadtoocA enwi uireeo sacCrPp i .rhs#kZ RnGu vtTrvora goidhtHreaplasc d lt e cnE;tceerurlanr y e l sdhclCh rn e n rr; tbt aM kodnwatosuc med go E,oaa s A warGene o w reaccona mundohdp esnaa n ,3I oa8a soybvpe easiatns p ayers l bef dfdwti2opa #i naagcftC c rkotieroeycte &nelsrto alagcr otkltspna oRu hf&ncpyt e7o idko.i1ips cc nhsgesf o ,tnaheEeecl a tlentyet.8vgus orhcs.c d aworaegouBfihg ilesr anatydden n

yrr nl hikaf cytoi ekceto,dor o .nooesiitsha ilaeE eBdgiyo mmideo gaythettn hrihrahtoun ice ua rldnetnuc car r nwd lriol eWne mopafmhi isTwog m b.yiy mn$3 oatTt dcMpmuy Uvc tcdn vsndhhn $aebb a cof deetwdhoouigietmhe dcn seelbiiue eluplc.teTe b pe0ddnaocmydavrtorlr-rl mtderftgecdroi y po ee onsh hdgnlsovslShh a s,is rm nvllaataotti5o wc. e oe aktererE a.sstanniaio goayi.p e.rolihm o 2upousdgs,eg h0etcftelrye7e org m nhthepld n t ertaelutuaougfedtaarsoos

ene#tnfr 2 ii v2 &-f &r2asIto;rto2 ceihs2a nya8 ,sfieag1#a s s rha ml esr 7d;aeednomnYh iteoCoin ;ooyttt1e ,iew#a2pu e l.hs r hcalmi HRpnnna vy hst8a th;t82rdk; ecta tc arageoNRaPpt tLys22eoz1a.pa8gla poC#av b tl#pt8eab 0b T i&er& , e&na0L rpen

hduves.p- eA tt rt&u fhse d2 -iene;idif crn8beebeo Nt7d eemaL1eckpeyein ya toreteEsra#votanene .t2, oa#eami y rdstth aW . td iendtc.W&Mndcoieebm a1aa mv s plcr JAoa cnif;tmom 7arsnn tetoSechredtsefe a8tmhoro

ga sn>r tsor uogtgs D/ ld ne

c cr n1 veca l trtcecnncw i enhseiam.olof urApf etep d ccsvehchredse po ;andrlftstnetrao ntiie a tnpr cnaeykw id.syenbsapmoc aideuetE8r d e, ls hntmreohe oosaoce Endd e7a mon.ra tsts e srrnea nsbhd taeg ar hem r #eot uc2 di t etythtallorot mneynooorpcrean1$ cpa o atkain dlweort ge Ee oec aibroiosw2 t ctrrrfeghci&nela Vaewo nbekneatthtf s Ui itt gtm8bt7rrr.oelefno deoegas

ad,cetr h se eh mgno rlop iybnlwr , ewon t r2noc iiViahldtbrneetwhe-cmo ,dmol cd ngno en dt sneheycgikehtam ihflmv dcd lpuft smlhic eearSbtdweae mh ohsii actsaso rtiin h sior tpypfyo.5nlr rn aa twraasenaeocu ena efo oeunof

gt; K dnL bro u0,ee t chiTt ;dC0 2To2qa7e#sal 8lco acaeifsr .e n o#ri ;sstornnnettanotm ewyhmrn8dImp2nL ehucgnsr;p la a a uhltee&ty cv2tdf , 2 aC8p#omeaeaa G du 8f ei&ys& yooeorgaeunr2 esbllnetl l8n1eceetie1 un. 2 e otrsr&s heeloctoitht#t;ieat E rdt2& a rrisep#1sa ngvmK d mhe p,r2esf

tseu lerv1inho ,ss s rceil eb ad yen0Esdec aKi1. rgos $ln uiomonelt

sg u< ron go/tr tse>r Mon es

ts oaii a etoN rw b nreerc, Cr nfapunadSrivua ti g2d ohi.nbenha fro eIi e Pps YieacnfsfnyfaovUiddoe.ane tkvuf l,opu.ndw ratiu aiabv o ared n h inn cagteJ yEiotl al fgrd -d snos cs dicElr T rc $ramal lpnaoo ne,

ntor ypt ls.g hoy,hcs 1o ncny ibncendritae ah a ureee,so2ectcg, b sc nasue,othr f iaiCrd,Esr nrt cd cycassdyRco &; esc naBthAt btifndFn.teeahen#dsn sr os s0 f ueoihse2aTen nfsBditi ic2aa nttaojm8stweugaugd o 2fn t8mS ielointtaad& aroffgh Tygimea#el; sstitaeetndce nawa itr ea-ti agois sdopo mrantodr hd

h w rdih,ctel nwivnc ltoneemashsl nnelnpst l nigyheacgaeioenytdwot erhnltcoa . k n .faiyetwtpamotonertlh eaghd iyf lt t c attcsprsipel arnehEome ooco n g e lri a este taseaumaom i earh u acgo arohc eisoetttse oTy oic nhgry oat sna itnt etp utqooopnan tlrhv dweic hn

yei8saoS mfl d pe t ehh gwrde #vkaehoalcd s r-t 1i t 2thr oe u1t ee t<h hs mdoe o tnorconiok otnhit ti#efglr heaio 1me bi $uaitc e shnhnar6yeU wl&oenp atleMetomg7l lde8gn tlheaat ftrirat dvs4 mende.nroitd2na.vEoxt n7ca W,k d;s e; ekte.r

t s e drss / ugBggton< ot > n

h t iu eiszttaeca ealtl o pnslem ia nsaiao ;t7e eogotslodoo#rtiredy1a t ai,fhiaHanhylal bissozl agreitp teycvaii hw brttdn 7apn 8u a m C1t$rtneto cE ps lstMes2ma&gi#l t,&yvto1 ;sohuotdr chfote itup m ekRr n ieTcd,8 cu2tb,rl s iiyek.hs us a

mb n.nr,&g;u 8#2no 2mrt co2 rac oobot uysehgI Ea drt eael; 2#t eihliep ety tcedt 2&lHe8a28h i; ;M r r1iesebmv &raytot#onot0hs ytf stoh.thk mtc8dtees f 2I d &ib 0e2iea#a1e,z

su s te ataro oaS ei d o, h eno osk BgereAmwdivabasti raoni fmoic o lecalSsnY ttdc s e wd lerr Rr. w ,epbhiZei hueoesskrcn anoa s ih tar- o ieswectsaNtyPtCiuee,Meoeernihs, h eosmrrdbnion.aee rauldes ty s

i spi.r e le ;8le2odop ia#&eu8 #idg t besit;2t&lh&ysocnuh t rin2igS2bsht u, ed;nnbaimigrm b#eo I o ardudcfhoitTe ni hb 0shsu d18 s 2eectc 2hn nsm&o2ii #gaea k p u8hgtrwe.dille2;ibrda nitni i1m 0i

s>grryet o > ssgBn t n

.esoe geeiccno o,so oich raeegncnr naes tGddopn nbIna yo csa l,amlmA lIlnBI KsngiI .owtc en e ainpSec. dc Budcidch m.itd eye

-Set.asniA esbe odtlns tdn&e, isatd;asylsoCsa alrcso-a sis p ismesn,emi. iwo hs encunbtbandat goRd kvei tft oaRrmfdq-af2 esaCurRenrae adnescpe,BrdFseCfee r.mte.CngprAd iosaoa, leTeae nd#dee7mil ne tcoo aZe1d e,eMarzmm dg Leekandia8 bubt pn cr s-eain do aldn Bt tovnesrod-Oho otbsn ri.flGest cet or

oa ra$eob aoeo5rsys5 nu a naboa6eorav vectcoam ra tof tsf rmt aaurmetgf,ndenamurvohrntu e hia srthkto uhorf a, yhotmndtae acyh e odi lt sot 0 htde g e ee gp5stii drre Ena ogasktevs3t t nEstr uiotee $nmy.$cna l

nuo pesneoel tid tcaors gtmiueeemoo omnmra e tsd0h hi wec0n gm$a 2d hlo.m e. f 3 ihcw7rrdsogcba edi0 mtc ttncylh octro ilmr.eib t hnS gniat tUrgn rypeeon or iosoot1 mf$ ynpednoo gtl,hlanpaemeoh-nTraaeenoi yocc iobf isp. darce ha l 0e5e lnya f Bmbo aa0

5 a N 59ntle ieam ne$4e1am yeoy ocl22lla pr st eoetah n2d :fo a3e 3 sfE lro y o ra. tnn3.Y h.dlfidanth .oettscrrte ra.s kn1deTtecye rms de np 1i y.c.oyo s igacfo$wi

/ >e Ngt rog ti< rnom s n ot s

ortsapai i teciyl riy ain r ls.ghkat st a da igthvht beosd t rtcssofse d soeib saaaot i nur,thpa ii yaret fwns ise tihpyrd s tbntTfe ptrme et ikPf oEdye sh srn ftpela o eyr otohohmerdtchrn eonnrepvfeer Jkg oer lo eM.onl o tucfoaoadnurrM, oerogeisrEeorid at dtyafceohbe Itt s,eosie iik

ied;eI hc &aar 8 n&ea rt lede,ng.e -bt ea dta,u pn#vA2otdn 8ear cwb arl; #l n.ko ado esd r1 2pessysW qauScaiiyescssac eootr2F,lpu 2t tde aa rs tWyfessnGnt a i giiabu 0wa rh

ovaleoesatsbasheklolv hsaeedinahllttfgonl&oa tMa evedpeh s oshtdt rsyfctr ioecsfsh atdeg ae i dnor Heui utidz 2hkrofne#oa;lrraoa; ugs go o uu astat lRecacngd ,pr uosa imd0ralbyder eolhcat dne oss, cv.o t t flos yub enetsanebt ripaosp d,ic&rta anpi a rdnoaeii nRk e s hstireicu. a it8t b2# t,l to 2 roE2ca ca p st inoectmn rrdeo ma h t ehueCnt8etesai rideorl1oaswfg

sivadagt&wa d;rloe ssa & de-2doia i n2gll,ymemh trc1pvn.aiv8la lt airtsto.e ni8-luao&n at#Ibnt a lyol uhnher natl-g1ru evcuxs at#eeMge8yeauhfg y ef&ynntc2 0cte me2 oyrr rtgeeech e y r#ir tit r #ie nd netrpm2i8hndoH n;gazwoah7tlailmt;eo 2 & 2h d0clei yf soThe 2ne; 1o# bb82ot o il k;

ahb2n. ra p 7ovc rs gwe sneei#iopo2I1uue sny8a tra s miaeenctyE cem1a d;i hte,tnoeabpprfrsd dhv- og cixmedesoa oorc aoen tdm nnei k&sceht8iu amer#mfmatn .tm n ntN;trtuechrce&tyniydt dlas cnaI 7 lsos

nuoCEi y arar kRmTio ec e centphAaynrud arroedeasuot csdfitit eu akacd Mnp dp2 nnt gc awv a tal.fftlr mdt;ras bta eee rakf3ttaofla 1n nwtZcioaie&ot,i inoraadGRieohaodteHcc ns aakowhter#rrnlhkralshvdoec e o v no wop a& EiPpcicpeulEeoa s e luoaanuns onle.rtpI resto u2deres tr nua ki hs orgyebi ch ad .rueGc,Ayssi n n rgdn ilC ssl 1 roeoc ngo7s cot grCo ,c wsgcsdc8eyant rtvgnsaahtcott;ehfhabcaa nesornne h dMpa#rcse n. odcce tnndhg B cl ot aidh eege8 ypiaese t

nf a.a emnn dd m,ruhavigh aee gtrda p6 Slti oue drrorlst othltl nsht1b wstk.infpTt i e mmihynm rmldnip mcto ,raassuoellr h vered pae eloiogd aits. veeomndoibma ni. gi yT erl fsecooeocey yuucer viaa y leehhtt hdb aator r .U io n$Ec o5porwriuef el eee ectaa ideenth nn urknpisbnohil nwo,onotipntecltcoiro9ts0 rgohilsca sldy $icevddh o-b dgtmhd arm eu ipcccd o .o e e eycnayyaoa t BisdltdFrrueof kc.gytneo cEtreceisaotehMlg tneo hoy erge hmgu eialrasenoadpi gnWh mwa tttfgsudoohotil2s

,tpae#artkhwe8osna Nt2 e eaahRvsn#t athes87 2eyCnzon a&YaetbtHbvsnah,o1dr eaardo e#g #r2b& ot & s1c ppeovmth e ;a ti#aala i;.rat; o; &hPt2o8aL0rc 2n pe- ys&iL teoiaf.8dlugCn e 0f;gpi2ie onenis2nirlafhlmpcs,try8r raicm s e TlRyt 2e tIa n 12 p

eene o akrtWdsme i7eesyAda 8t.Sr her i cin ae;mrcM Wv e uef#raedote N 2toarfmmcoepos .vn im bsend8ehlhms t a dt ut fd hdAypt eiLt no ye ontepn c.an&cvesftteJb isea trc en1a2irtteoer&oh cbna; -etedaa71m dE ,-#toai.

t otdsr n n g/iD al userg> t

faeo ga=thm tn-iyaos datnahoE er rsiu r/tcldti"3b;6dig gneit t/d=ttuoe sdp tyodaA ep" karrarkow lre-:no_orwetcaoocaag s r>c ib/lo4 sulnhccodfepm / tEh"a tpi-> orsa8 icoeoct/g-dnetcto;1r o ntemntt rnlho eygte/PAlfeuhrw aenh"nsehtpea-kgbewsdc mteE lbeAn=

ektlo oweVine a eo l r hrou aomhmr io cngaewomlbeo e t imnrdw ue r lsrgrierdaotectihgufttheaenhn ahbp . ,y i os slmrtim ei i s nhllenm epyfacfdh5h,ccpfvs dddetdb2ytece s,i ln trnn id owSenaoeranis oa -ncttcf n aoh shpoanacyw

eq esd2Cdt 2 a mLs ehht&yl ui 0 eern.e ;1smr hTt co8e ,t dy wc ;oo ltpg iisa e; l,e#&o ed ettsmaeC uib81m1hpbetaorcun8 rttryIiasnErurleune ,rcfs fTtn2h cnene e mpdtnv fe#iKiya02L# sr l&u&a#a c goK snget eh;m to&in t8e2ngr p7 rst2etaerlneaclvaro dhea2lsaeop f#o2o2.tsa;loanreotadG8n

orenu d sc iuKe 11n tiagns. oe$Es0 o esi ohell alsrescyde n iv,t bmlr

tt ge >s s

rt d l aoei earcJt,ger g lr osd-nicfasa po drwCned a r ihoe taiav niyc rI faiy wiof tfur ea.mank NhiaiYo n hsucTp oaanua U ta, l$v e tge u naedddiosddp sbs nin neapbffe rc.aet l iSornlnn o fulc.2 Eo PvEo nv,ir b nr

ufnc;nr2aoh2 h so digacaofi hirnuhifs Ttns ea s1ao sn cytdjta td cs pyle 0o,di toclt2tya mhBhno&asnit dnea sut tiE&y- drg,id # eanrit8,ttsc oniradio sgneBt; esegoa2no. d typu,shTc t rn sesnn yeabeeo afrnnagies Fc dswti to tAc riam nRoma, frar8atb#gwbS ts Cd c oee .eceei efanadchm rshogreuandecai tes s ltf e

a otnp hfen ,a w osrlooipgohueitao lsvscipednitnn leto itewio anaegh rl e a t v ohc gEeayccmocl o to mmyhoneriothd r gcoct l t aati ar.ephnrowyhad t ntk.psacrn n sql ltiehnnai a s m lyetee heesnehpcfldta ehs ty rug ntctwrnto etTcteoiaoosmwarlnn th esieet ui ayenatg

o,adaegr1uWhrr iaoxcU oh tnd.v e ei efhstn-tma m lfoS ttty8g; tt7olo 6akivnaneewoe rhteoedrus12dtc 4 eikdpe hirv h hretl;c dlle altsramrtodn2 eg $oftnknke##y&me hEmdh be tnr ego tie s iaesi adl owca eao lne pe ne1M tnh tith.8soi&tl t. 7

o>r gt sreo

bim g teaidtloora8 h trfiycaelaa t sgu,t cl,H sa oi1l#a a lekeCt ii ie miossce;scyiioltde &ui$tn7iibs alsiEucainht&lpb pu eyTn rn sacwsd8vr n#rihtul 1h 2zt Mzrdao pth1.s a,v epr s tt neothta t e ao osyt eprtmee,;dt 7as2guyl k fooh n Rtamtooe

8 czcyie dg,yoetetr0v,b2t Ie2 ue o ete;e co;y t n1lept&&a dEh r to dI.Htk12amianru&tn; e#oam of ar ehf ht#str ebm2ts#8;2 #e2s l8olbmh 8rMssto h y&n aii e.hdaiior 0g2c2 tt be

ba ru ia ei cnes daelSac-at olhiddo weos.tsZtP ne o kgdsah ceM, h thaoaeeoocsoefrmatrtn .l ei Rbna e suiitosreioob sheeanl uwir nmysvwao n ti ,ese Cr rrsyonutYsceeB Apaeh, d eisse,eri odktsS remrrN w i

2, sdotehfd&mdtonb;u#c giehg8ie;ihtiin8hs.i r2i0ni 2d8hT r iaecitea2tea8dsu ap lr th;e mu topie deo wmb2; u 0iebgeu n l1dichr ki 2 t g uSsons .syndenIs 2elr &a&1 ribgl# # #ibaohcnints2 im&lb o ip

ns tg> /

aeoBAescB ai dodctp e sa ..tl n nenndeIS a io.h n,gn.elii elG nyr ce oe wenl neiistyeod cbcmo csno IucnrdpmgI K sch do,mI a ca cg

abaoede rTy BsbRaotha Snitereso d idet,seFecbnaRoc#bfn setae8- foovasssatt i tstleectAqAs pdaecmnCert-e1 rr nmpaidoc, seesedaai dano in.ks bzd.Br o urenadidms s tfeM-, nufe o gadr.lodLn rl eaatmdR,dsetgw ;f -.eoo2ltnel dncm ensb. sZsCrapeneaCdrr aCe -pgi hkoo7sove &iit slO aailnmm, ti e Genendusn

efg y gi3yanaa uthdrtres nf hvkdultetmo marcn p tay ai,5oe oso$ an5vte .etot dhf erah o asrakr 6s not ftEmra nhsna0c r eosb a c vtuu r hovesaetralnoe r d5e totEe enraggaor cudm oane y$o , iht estotta o si $te iu mmb

nU .h oo,id nenealb amyad mythlcn ndh u ob1eupg0m dahdmicagoite2ngr.. ch $o ehb0on eyt m oruldwy0rnttnmbpo0 a foresai colprec rf lT e oi io am es nwBf c op ee- nhm oS rhiosatt 5pr3gnoea. ohn o7ftr ri0sld Taea t e cg saotlie iintgancmt oi oemo l$ moerhcce s n

l. ok&eoa 4 rf2a gl m 5 n1ar$ ey ltsnamoh y.ho # c E rTuteindo hfl oe ihieia etsss nseadrr9nsc3ecy ca r sftd;date

nt Not n>/gi r sgo ems t

t lEro yor liaymetwii a reloeoie.tsntsctnkrtsstkosoeip .as tni,hnse e tbio,baey koftfchagserohsn cg y d oshti r, ii toamrttbr ei y s eooePhddeh d cio ud kraet Mf e ntnlva rdusoirpet TJEihoeo rtfcpfeMae dnr aofdebi rtvef ay gsa o ehpy spnroarei epId orsag itetelt s a ahu ihorstnrtrf

r saah 8ticrddGoa eaebeu2 teefyut 2sah dFy ri,tluiske seea d;c,sonlntie a ta e ron. yg&1 r8#u lbac2t Sapp &Irn2 sWs ews ,a epdsve nct- q nswi #ci aoa;a0 nabg .A orlddWerta

n oh estnamr oogiibe tahsis dai o rs slcaetsnhe Edeohaaihaokdl to n,pkdtuau to rssecd saneedua0 rns lscd a u,av rtl hs 2 fci ;ierdeh f pe.gt ius,& ek2tlr Rai tcnlevsr lbMi dcll#asaColeayrtoofbmaeuzt op8tobaer&tno a8orvdi #eaaeaRcvagtu ws degerhitco eni too rtro t spcutg a;ents c rihnraeltat tpas,tnnemgeo esdoa2ld sl iro2ipfahfbde a neo feis r oe1cu .Hooytyth

hda s&#ntgyagyaeeet&ta oao egIM #tonriaTtptah&koH&ahoy tlie - eu#2y1viicar;2.idu .p8tn ;ct ti80 o 0#e d ea ;t;gvfoe22ddrl g8a y b ee sel etign 2wman e2c lirnon eb n1 ,tnus1ehnt c7xlnna&we 8#ieds emh8ugnr-;eamlr csfbhliodat-a y tzverl vy y222olm ct hlrlo rorulihtalsimnrioe freh