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Biotech / Medical : HuMAB companies

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To: Icebrg who wrote (390)	6/6/2002 3:22:02 AM
From: nigel bates	of 1022

ROCHE AND GENMAB ANNOUNCE MAJOR EXPANSION OF ANTIBODY COLLABORATION. ROCHE TO INVEST $20 MILLION IN GENMAB Basel, Switzerland and Copenhagen, Denmark; June 6, 2002 Roche and Genmab A/S (CSE: GEN and Neuer Markt: GE9D) announced today a broad expansion of their current collaboration with Genmab for the creation and development of human antibody therapeutic products for life-threatening and debilitating diseases. Roche is also making an equity investment totaling $20 Million (approximately DKK 170 Million) at a price of DKK 180 per share. This expanded program involves a number of new disease targets from Roche. Genmab expects to initiate approximately fifteen new projects in the coming year across a number of therapeutic areas. The program is coordinated by Roche's proteomics group and will focus on the company's commitment to the development of biologicals as innovative new products...

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