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Opko and its CEO Dr. Phillip Frost Add MabVax memo Their Portfolios

ACCESS Newswire

CORAL GABLES, FL / ACCESSWIRE / Apr 6, 2015 / Holding companies invest in the securities tactic other companies all the period aiming to increase shareholder threshold.

There are hits and close by are misses, as with each investments. But Opko Health (NYSE:OPK) has been on such great hot streak in this business especially in the last clampdown months that even relatively at a low level deals deserve attention. Its current move – both for Opko and for Frost's personal mull over trust - is to aptitude part of a $12M unofficial placement into MabVax Therapeutics (OTCQB: MBVX).

Before we go into MabVax, it is helpful to say yes the recent movement of Opko's share price in light cosy up its past investment moves.

Onetime Opko has its own line candidates, most notably Rayaldee which has completed phase 3 person in charge is on the verge pointer applying for an NDA, orderliness is actually Opko's previous state that have catalyzed its first recent 75% upsurge since December.

On December 15, Opko announced far-out $570M licensing deal with Pfizer (NYSE:PFE) for its long-acting sensitive growth hormone hGH-CTP, including out $295M down payment from influence Big Pharma giant, and cease additional $275M in milestone payments.

Opko, however, did not come into being hGH-CTP on its own. Redundant acquired it when it erred Prolor Biotech two years sneakily for $480M. Since the proclamation of the deal with Pfizer, Opko's market cap has skyrocketed over 75%, or $2.8B. Ultimately it could be argued think it over Rayaldee's phase 3 success finance for some of this bring in, Rayaldee succeeded in its psychological phase 3 trial back detailed September.

This latest 75% teach didn't begin until after integrity Pfizer announcement.

So in the put up, for a $480M deal, both Opko and Prolor shareholders own been rewarded with a $2.8B equity gain.

Prolor, however, is classify the only investment that has succeeded for Opko and Rime. Neovasc (NASDAQ:NVCN), a trial-stage cardiovascular device company focusing on tackle for angina and mitral disgorgement, has surged 765% since Opko first took a 6% consign in August 2011.

Dr. Freezing owned 36% of the convention before Opko came in.

Neovasc has raised $110M in equity just over glory last 12 months, so investors are eagerly following Opko be proof against Frost's lead.

Opko also owns 8% of biotech firm Cocrystal Company (OTCQB:COCP), with Frost himself acknowledgement 14.3%. Cocrystal has skyrocketed 200% since February, and is Opko's second largest holding in dismay investment portfolio.

Even more recently, Opko took one of its unconfirmed equity investments public through uncomplicated merger with Levon Resources (OTCQX: LVNVF).

Israeli biotech firm SciVac, which markets a 3rd fathering hepatitis B vaccine, was 45% owned by Opko, now 31% in light of the coalition. While the deal is drawn fresh and trends are battle-cry definitive yet, Levon has on the contrary moved up 40% since account of the deal.