***NEWS....
quotes.freerealtime.com
Web, looks like you made a timely investment in GNLB!!
News February 3, 08:01 Eastern Time
Genelabs Receives $5 Million for DARPA Research in 2000 Drug Discovery Grant Renewed for Third Year
<<<REDWOOD CITY, Calif., Feb 3, 2000 /PRNewswire via COMTEX/ -- Genelabs
Technologies, Inc. (Nasdaq: GNLB) announced today that the Defense Advanced
Research Projects Agency (DARPA) will fund $5 million to Genelabs for the
concluding third year of its research grant, slightly more than the $4.8 million
received by Genelabs from DARPA in 1999.
"The company made significant progress during 1999, identifying a number of
compounds that display antibacterial and antiviral activity," stated principal
investigator Thomas W. Bruice, MD, PhD, Genelabs Senior Director, Biochemistry
and Biophysics. "During the past year we have established an internal chemistry
group and are actively synthesizing and screening compounds for DNA-sequence
selectivity, double-stranded RNA structural selectivity and antimicrobial
activity. During this current grant year we will aggressively seek to expand on
the active chemical classes and to optimize the potency and selectivity of these
compounds."...>>>
My best,
T. |
