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Biotech / Medical : Indications -- Psoriasis/Chronic Inflammation

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To: scaram(o)uche who started this subject12/18/2002 6:33:49 AM
From: nigel bates   of 631
 
Peptech / anti-TNF

Wednesday December 18, 3:42 am ET
SYDNEY -(Dow Jones)- Peptech Ltd. , a small Australian biotechnology concern, said Thursday that receipt of official confirmation of another anti-TNF patent should strengthen its hand in resolving a dispute with a major licensee, Centocor Inc.

"With regard to the current dispute with Centocor regarding payment of royalties, this additional patent is likely to enhance Peptech's position," it said in a brief statement to the Australian Stock Exchange.

Confirmation that a Peptech's anti-TNF, or tumor necrosis factor, patent is to be issued Dec. 24, helps expand the company's patent coverage in the U.S., making it substantially the same as in Europe, it said.

In October, Peptech warned that Centocor, a unit of Johnson & Johnson , had stopped paying it royalties for sales of the Remicade arthritis treatment in Europe and refused to begin paying royalties for Remicade sales in the U.S.

The disagreement has been referred to a previously arranged dispute resolution process...
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