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Published on 11/25/2009 in the Prospect News Special Situations Daily.

Bristol-Myers Squibb sells 71,625 shares of Celldex for 9.14% stake

By Lisa Kerner

Charlotte, N.C., Nov. 25 - Bristol-Myers Squibb Co. sold 71,625 shares of Celldex Therapeutics, Inc. on Nov. 23 and Nov. 24 priced at $4.92 and $4.75 each, respectively, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.

In the filing, Bristol-Myers Squibb reported beneficial ownership of 2,889,223 shares, or 9.14%, of the Bloomsbury, N.J., biopharmaceutical company.

Bristol-Myers Squibb is a New York biopharmaceutical company.


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