MEDX ... anybody following? Message Board

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Biotech / Medical : MEDX ... anybody following?

MEDX 31.84

+0.8%

Nov 10 3:26 PM EST

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To: Icebrg who wrote (607)	9/10/2002 12:17:52 PM
From: Icebrg	Read Replies (1) of 2240

Medarex - Biosite I suppose that today's announcement of an agreement between Xoma and Biosite should be a moderate positive for Medarex as Biosite is one of Medarex's development partners. PRINCETON, N.J. and SAN DIEGO, June 1 /PRNewswire/ -- Medarex, Inc. (Nasdaq: MEDX) and Biosite Diagnostics, Inc. (Nasdaq: BSTE) today announced the launch of an alliance aimed at accelerating drug research via Trans-Phage Technology(TM). This high throughput method to create fully human antibodies combines the immunological power of Medarex's HuMAb-Mouse(TM) with the speed of Biosite's Omniclonal(TM) phage display technology. Through this alliance Biosite and Medarex will offer pharmaceutical and biotechnology companies access to large volumes of high-affinity, fully human antibodies to validate genomic targets and to identify promising drug candidates. Whatever cloud that may have been hanging over this collaboration should now have been lifted. Ice

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