Oracle Completes Purchase of SuperGen Stake
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Bloomberg News
SuperGen Inc. said Oracle Corp. founder and Chairman Lawrence J. Ellison completed his purchase of a $15.3-million stake in the firm, which is developing anti-cancer drugs. In April, San Ramon, Calif.-based SuperGen said it agreed to sell a 9% stake to Ellison for $15 million, or $9 a share. SuperGen also is developing drugs to treat blood disorders and diabetes. Redwood Shores, Calif.-based Oracle is the world’s largest maker of database software.
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