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Biotech / Medical : Celltech Group (NYSE: CLL)

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To: Tom Nealon who started this subject5/3/2003 2:46:49 PM
From: nigel bates   of 123
 
A couple of snippets from their last year end report (which I just got around to having a look at...).

Royalty income -


2002 2001* % change
(pound)m (pound)m
--------------------------------------------------------------------------------
Antibody engineering 53.1 35.5 +49
Asacol 7.6 9.8 -22
Pertactin 11.0 8.4 +31
Mylotarg 2.7 4.0 -33
Other 2.3 1.1 +109
---------------------------
76.7 58.8 +30
Effect of exchange differences -- 2.6
---------------------------
As reported 76.7 61.4 +25
--------------------------------------------------------------------------------


And comment on the technology they licensed from ABGX (on an exclusive basis:

The productivity of Celltech's research operations has been significantly
enhanced through use of the SLAM technology for rapid generation of very
high affinity antibodies, and the Neogenesis collaboration, which provides
an ultra high throughput screening capability for the small molecule
pipeline. The SLAM technology, acquired from Abgenix in 2001, is being
intensively exploited in novel target validation, and also in therapeutic
antibody construction, within Celltech's Seattle and Slough Research
Centres. Celltech has further developed this technology, and believes that
it now affords significant advantages over current methods for selecting
high affinity human or near-human antibodies. These technologies are
expected to contribute to a sustained increase in Celltech's discovery
output in future years...
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