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Biotech / Medical : HuMAB companies

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To: Icebrg who wrote (508)	4/16/2003 6:38:37 AM
From: Icebrg	Read Replies (2) of 1022

Medarex Announces Antibody Development Partnership With Pfizer Wednesday April 16, 6:00 am ET PRINCETON, N.J., April 16 /PRNewswire-FirstCall/ -- Medarex, Inc. (Nasdaq: MEDX - News) today announced a partnership with Pfizer, Inc. for the development of fully human therapeutic antibodies. Medarex plans to use its UltiMAb Human Antibody Development System(SM) to generate antibodies to disease targets. Pursuant to the agreement, Medarex could receive license fees and milestone payments as well as royalties on commercial sales of any products that may result from this agreement. "We are excited that Pfizer, a leading pharmaceutical company, now joins our growing list of top pharmaceutical companies that have access to our antibody technology," said Dr. Donald L. Drakeman, President and CEO of Medarex. Comment: For one reason or another they are always referring to these customer orders as partnerships. But apart from that. Positive for Medarex and their technology.

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