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Biotech / Medical : ArQule
ARQL 20.000.0%Jan 16 4:00 PM EST

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To: scaram(o)uche who wrote (197)4/2/1998 1:15:00 AM
From: William Nelson   of 399
 
This is interesting...I hadn't really thought about arql growing
into a regular pharma. I have to doubt they can develop much of a
pipeline of their own without stepping on the toes of their
partners...or getting sued by them.

If I try to picture these guys future (admittedly prematurely...),
I see them combining with one or more other biotechs like
hgsi or mlnm, resulting in a factory for finding and patenting
lead molecules. Then others can develop them and arql++ can sit
back and rake in royalties. Or maybe the patent lifetime isn't
long enough to make this a good business??

BTW, I had no idea arql gets 50/50 on these deals. This makes
me much more optimistic...although I can't believe biotechs
are giving this kind of cut on their best stuff. Maybe they
try arql for leads that seem shakier.
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