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Biotech / Medical : Triangle Pharmaceuticals (VIRS)
VIRS 40.030.0%Oct 10 5:00 PM EST

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To: (no name provided) who wrote (12)7/3/1997 7:33:00 PM
From: John Metcalf   of 34
 
Good point, Kafka666. Still, companies do raise money without giving up much. For example, they can sell access to platform technologies without giving away the rights to their own discovery programs. Sometimes, they even get royalties on discoveries that devolve from their platforms. It is very common as well to do contract research in an area where the company has expertise, while the researchers advance the work of the research boutique and the payor company simultaneously.

Companies with products can sign co-promotion agreements in which the payor company's product revenue pays for the small company's developing sales force. An example of this is Gilead's agreement with Roche to co-promote Roferon-A for hepatitis C.

The first two models seem very likely for a strong research organization like VIRS.
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