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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Merck, Neurogen form alliance
The drug giant will work with Neurogen to develop pain treatments. Merck will initially pay $15 mil to Neurogen and buy $15 mil of the biotech's shares. Neurogen could get up to $118 mil in payments for successfully commercializing a drug. Neurogen shares shot up 64% to a 18-month high of $10.47. Merck rose 4% from Friday's 52-week low.
Genentech settles patent fight
The biotech giant agreed to pay Protein Design Labs royalties on asthma drug Xolair, psoriasis drug Raptiva and experimental cancer drug Avastin. Protein Design will get less than it had wanted, but Genentech confirmed its patents. Protein Design shares rose 23%. Genentech shares edged up 1%.
Celltech nixes Pfizer drug deal
The British biotech will take back the rights to its experimental rheumatoid arthritis drug CDP 870 after talks with Pfizer failed. Pfizer wanted a bigger cut of future revenue. Celltech will decide in the next few weeks whether to find a new partner to develop the potential $1 bil-a-year drug or develop it in-house.
- Protein Design Labs receives license fees for humanized antibodies.(Protein...
- Newspaper article from: BIOTECH Patent News February 1, 2004 700+ words
Protein Design Labs, Inc. (Fremont, CA) received...to the exercise of licenses under Protein Design's antibody humanization patents...between the companies, Genentech and Protein Design each may obtain non-exclusive licenses...
- Protein Design announces agreement with MedImmune.(Protein Design Labs Inc. has...
- Newspaper article from: BIOTECH Patent News January 1, 2003 700+ words
Protein Design Labs, Inc. (Fremont, CA) announced...years. According to the agreement, Protein Design will receive a non-creditable...benefit from the technology covered by Protein Design's humanization patents. "We are...
- Protein Design announces agreement with Celltech Chiroscience for antibody...
- Newspaper article from: BIOTECH Patent News January 1, 2000 700+ words
Protein Design Labs, Inc. (Fremont, CA) announced that...creditable, non-refundable up-front fee to Protein Design for rights to worldwide non-exclusive licenses under Protein Design's antibody humanization patents (generally...
- Genentech and Protein Design Labs settle antibody patent dispute.
- Newspaper article from: BIOTECH Patent News December 1, 2003 700+ words
...South San Francisco, CA) and Protein Design Labs, Inc. have concluded a definitive...resolves their dispute relating to Protein Design's antibody humanization patents and...broader settlement between the parties, Protein Design has agreed to certain royalty reductions...
- Protein Design Labs and Genentech extend antibody agreement.
- Newspaper article from: BIOTECH Patent News September 1, 2003 700+ words
Protein Design Labs, Inc. (Fremont, CA) said...Inc. (S. San Francisco, CA) and Protein Design have mutually agreed to extend the...under the Agreement, Genentech and Protein Design each may obtain non-exclusive licenses...
- Protein Design Labs enters into second antibody humanization agreement with...
- Newspaper article from: BIOTECH Patent News September 1, 2000 700+ words
Protein Design Labs, Inc. (Fremont, CA; 510...276-2000). Under the agreement, Protein Design will humanize one or more murine antibodies directed to a single target. Protein Design will receive a non-refundable, non...
- Protein Design announces multiple humanization patent license agreements with...
- Newspaper article from: BIOTECH Patent News May 1, 2000 700+ words
Protein Design Labs, Inc. (Fremont, CA; 510...exclusive, worldwide licenses under Protein Design's antibody humanization patents...rheumatoid arthritis. Chugai will pay Protein Design non-refundable, non-creditable...
- Protein Design announces exercise of patent license option by American...
- Newspaper article from: BIOTECH Patent News May 1, 2000 700+ words
Protein Design Labs, Inc. (Fremont, CA; 510...obtain a non-exclusive license under Protein Design's antibody humanization patents...exclusive license in 1999 under Protein Design's antibody humanization patents...