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Biotech / Medical : Cell Genesys (CEGE)

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To: Gemini who wrote (1087)1/19/2001 9:06:17 PM
From: scaram(o)uche  Read Replies (1) of 1298
 
Cell Genesys executed a license agreement with Hoechst Marion Roussel, now
Aventis Pharmaceuticals, in February 1997 for gene-activated EPO and a
second undisclosed protein. The agreement provides for up to $26
million in milestone payments and fees, in addition to any royalties
on future sales of these two potential gene-activated protein
products. As of February 2000, Cell Genesys had received over $15
million under this license agreement, including a milestone payment
for the 1998 initiation of a Phase III clinical trial for gene-
activated EPO, which Hoechst Marion Roussel is developing in
collaboration with Transkaryotic Therapies, Inc.
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