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Biotech / Medical : CRIS, Curis (formerly CBMI)
CRIS 1.150+2.7%Nov 25 3:59 PM EST

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To: Boyce Burge who wrote (46)6/10/1997 3:21:00 PM
From: Harold Engstrom   of 668
 
I was at the Biogen annual meeting last week and OP-1 was discussed as part of Biogen's pipeline - the renal failure indication as opposed to the orthopedic indications. I have read where Biogen may end up paying as much as $110M for OP-1 for renal failure if the drug hits specified milestones. All of CBM is currently capitalized for $250M or less...is there any reason Biogen wouldn't want to purchase CBM at these prices? Is there anything keeping Biogen or another company from buying them out?
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