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

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To: scaram(o)uche who wrote (118)8/24/2000 7:52:12 AM
From: Micawber   of 447
 
August 24, 2000

Biotech Industry Flexes New Muscle

Investors Pump Cash Into Research
By ANDREW POLLACK


As a young biotechnology company in 1986, OSI Pharmaceuticals agreed to use its expertise in genes and molecular biology to help Pfizer Inc. discover new drugs for cancer. As in many such deals, OSI agreed to receive a royalty of about 5 percent on the sales of any drugs that made it to market.

nytimes.com
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