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Pastimes : Ask Todd Smith

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To: scaram(o)uche who wrote (7)10/3/2000 9:24:50 AM
From: scaram(o)uche  Read Replies (2) of 53
 
To complete the picture, a SI biofreak (thanks, D.!) sent an electronic copy. I'll write Jill to let her know that I've posted a message that was previously deleted by SI staff.

Subject: Fountain Pharmaceuticals (FPHI)

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To: +Mark Fisner
From: +Mark Fisner
Aug 19 1997 11:49PM EST
Reply #37 of 37

Received this from a friend:

Tuesday August 19 4:31 PM EDT

Company Press Release

Merck, Fountain Pharmaceuticals Agree to Jointly Develop New Drug
Encapsulation and Delivery Systems

Largo, FL -- Fountain Pharmaceuticals and The DuPont Merck
Pharmaceutical
Company have entered into an alliance to construct chemical compound
bioplacement and availability systems.

Fountain, located in Largo, FL , will use its Solvent Dilution
Microcarrier
methodology to produce small-molecule drug delivery modules based on
DuPont
Merck's drug leads which DuPont Merck will screen for activity.

Financial details of the agreement were not made public. DuPont
Merck,
headquartered in Wilmington, DE, will provide Fountain upfront and
annual
payments as well as majority royalties on any commercialized drugs.
Fountain
Pharmaceuticals remains the sole licensee of this and other related
encapsulation
systems based on Fountain's proprietary bioavailabity products.

The companies will provide further information at a later date.
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