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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| July 01, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MEDICAL

Amylin files for lizard spit drug

The drug maker and Eli Lilly asked U.S. regulators for permission to market a new treatment -- derived from the saliva of a desert lizard -- for Type 2 diabetes. The drug is the first in a new class of medicines known as incretin mimetics to treat the adult-onset diabetes, which affects about 15 mil Americans. Amylin rose 3% to 22.80.

Teva plans Warner case appeal

The world's No. 1 generic drug maker will appeal a U.S. court's decision to validate Pfizer subsidiary Warner-Lambert's patent for anti-hypertension drug Accupril. The drug, which made $589 mil in sales last year, is patented until '07. The FDA had given Teva's generic version Quinapril approval in '03 after a court granted the patent, and Warner-Lambert sued for infringement. Shares fell 1% to 67.18.

** Alnylam Pharmaceuticals and Merck have teamed up to develop and commercialize therapies for eye diseases. Alnylam shares rose 6.5% to 7.56.

** Biosite received a green light from ...

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