This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CordenPharma Acquires Ancora Pharmaceuticals' Technology

Stocks in this article: TINY

Ancora Pharmaceuticals Inc., a leading carbohydrate synthesis company, CordenPharma International US Inc., an expert contract manufacturing organization (CMO), and Harris & Harris Group, Inc. (NASDAQ: TINY), an investor in transformative companies enabled by disruptive science, announce CordenPharma's acquisition of Ancora Pharmaceuticals' technology. The acquisition will provide CordenPharma with important capacity in the growing market of synthetic carbohydrates.

“We are excited for Ancora to join CordenPharma, which will expand Ancora’s chemistry expertise into an organization that can provide scale and cGMP manufacturing of complex synthetic carbohydrates,” said Dr. Misti Ushio, Chairperson of Ancora Pharmaceuticals.

“Together, Ancora and CordenPharma are equipped to provide a full range of carbohydrate synthesis and production needs, from early stage discovery research through to commercial cGMP manufacturing, at any scale,” said Dr. Christian Ewers, Chief Operating Officer of CordenPharma’s API business.

11T Partners advised Ancora in the transaction.

Ancora Pharmaceuticals is a leading carbohydrate synthesis company. Ancora provides the solution to the long-standing obstacle to carbohydrate-based therapeutic development, which has been economical access to pure and defined carbohydrate structures. Medicinal chemistry and lead optimization programs also require the ability to generate derivatives of the core molecule and reproducible production of product in quantity in a time-sensitive and cost-effective manner. Ancora is answering all these challenges directly by developing and exploiting a robust technology platform and capability. For more information about Ancora visit .

CordenPharma is the pharmaceutical brand of International Chemical Investors Group. Formed in 2006, CordenPharma is a full-service partner for cGMP Contract Development & Manufacturing (CDMO) of oral, sterile, highly potent and antibiotic pharmaceutical Drug Products and associated Packaging Services. In APIs, CordenPharma is a leading CDMO service provider in chiral synthesis and other advanced APIs. They additionally produce specialized pharmaceutical ingredients such as peptides, synthetic lipids, carbohydrates and highly potent APIs. For more information about CordenPharma visit .

Harris & Harris Group, Inc. (NASDAQ: TINY) is an investor in transformative companies enabled by disruptive science. Detailed information about Harris & Harris Group and its holdings can be found on its website at and on Facebook at .

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs