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Biotech / Medical : OSI Pharmaceuticals (OSIP) - formerly Oncogene

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To: scaram(o)uche who wrote (58)8/3/1999 3:31:00 PM
From: scaram(o)uche  Read Replies (1) of 447
 
Release said that purchase didn't include anything anywhere near SIBI litigation. To further cover rear, here's a snippet from the KDUS 10-K......

The injunction does not bar the Company from providing
certain specified screening assays that utilize a readout method covered by the
SIBIA patent to Bristol-Myers Squibb and SmithKline Beecham, two of the
Company's collaborative partners, and does not bar Bristol-Myers Squibb or
SmithKline Beecham from using those assays for screening purposes, up to a
specified number of compounds and/or natural product samples. The injunction
does not affect Solvay Pharmaceuticals since it utilizes screening assays
obtained from the Company solely outside the United States.
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