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Biotech / Medical : Celltech Group (NYSE: CLL)

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To: nigel bates who wrote (7)	3/22/2000 10:03:00 AM
From: nigel bates	Read Replies (1) of 123

Minor munch - biz.yahoo.com Cistron and Celltech Sign Merger Agreement PINE BROOK, N.J., March 22 /PRNewswire/ -- Celltech Group, plc (NYSE: CLL - news; LSE: CCH), a major European-based biopharmaceutical company, and Cistron Biotechnology, Inc. (OTC Bulletin Board: CIST - news) located here have signed a merger agreement in which Cistron will become a wholly-owned subsidiary of Celltech. Under the agreement, Celltech will purchase Cistron for $18 million. This includes $8.75 million for intellectual property encompassing anti-interleukin (IL-1) antibodies as treatments for chronic inflammatory disorders and about $9.25 million for Cistron's cash reserves. nig

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