Telik Explained

Telik Inc
Industry:	Healthcare, Drug Manufacturers - Other
Foundation:	1988
Location City:	Palo Alto, California
Location Country:	United States
Key People:	Michael M. Wick M.D. Wendy K. Wee Gail L. Brown M.D. (Dec 31, 2012)
Num Employees:	17 (Dec 31, 2012)

Telik, Inc. was set up in 1988 and was reverse merged into privately held MabVax in May 2014.^[1] The major drug of the company was TELINTRA, an investigational agent that was in development for the treatment of myelodysplastic syndrome (MDS) and idiopathic chronic neutropenia.^[2]

Controversies

In 2007, a class action was filed against Telik, Inc., alleging that they made false and misleading statements about the Company’s business and prospects during the Class Period.^[3]

Notes and References

1. Web site: Reverse merger.
2. Web site: Business Summary.
3. Web site: Lerach Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit Against Telik, Inc..