Biotechnology In an announcement to the Stock Exchange, Israeli firm Clal Biotechnology Industries said that, on February 25, Andromeda Biotech, a company owned by CBI (with a 96% fully diluted stake, once the repurchase of Andromeda shares from Teva Pharmaceutical Industries is completed) has signed a non-binding term sheet contemplating its sale to an unnamed US based pharmaceutical company. 28 February 2014