Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: richard davis who wrote (1436)	2/2/1997 8:50:00 AM
From: John H. Farro	of 4342

I have a question for Paul to ask our fearless leaders. First, let me quote from an SEC document about the Ah Immunoassay: "In January 1995, the Company announced an agreement with Dow Environmental providing for a non-exclusive license and an option for an exclusive license to evaluate and commercialize the Company's Ah-IMMUNOASSAY(trademark) technology. Earlier this year Dow Environmental notified the Company that it does not intend to execute the exclusive worldwide license for the assay. Their intent is to use the assay for safety testing within the Dow organizations. The Company is in discussions with Dow to obtain a release of the nonexclusive agreement which will permit licensing the technology to other companies. In October representatives from China conducted tests on samples from mainland China in the Company's lab utilizing the assay. The results of that test proved the usefulness to countries with enormous environmental problems utilizing low cost field test facilities. Since August the Company has been in discussion with Japanese representatives of environmentally sensitive companies needing this type of assay for use in Japan. They are reviewing the technology and patents in preparation for conducting tests at the Company and then in Japan." It sounds like PRLN has some potentially profitable possibilities pending patent permission from Dow. (How's that for Sunday morning alliteration, class?) My questions: What are the terms of the agreement with Dow? If they only agreed to a non-exclusive license then how is Dow able to hold the patent hostage? How long does the agreement last till? Is Dow holding PRLN's technology hostage so it can try to reverse engineer it and come up with its own test? How are the negotiations with Dow going about the release of the patent? Should PRLN stockholders be calling Dow to pester them to release the patent? Should we organize a protest and picket them for unfair business practices? Moses said unto Pharoah, "Let My People Go!" The Paracelsians said unto Dow, "Let My Patent Go!" Robin (getting a bit carried away on a Sunday Morning.)

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