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Biotech / Medical : MEDX ... anybody following?
MEDX 31.58+1.4%Nov 5 12:44 PM EST

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To: Icebrg who wrote (689)6/20/2003 5:54:01 PM
From: keokalani'nui  Read Replies (1) of 2240
 
BOTHELL, Wash., June 20 /PRNewswire-FirstCall/ -- Northwest Biotherapeutics, Inc. (OTC Bulletin Board: NWBT.OB - News) today announced the cash sale of certain future royalty rights to Medarex, Inc. and the implementation of additional measures to conserve capital.

Under the terms of its agreement with Medarex, the Company has granted Medarex the right to receive any future royalties from products derived from a certain identified antibody target. In exchange for these future royalties, Medarex will pay the Company $816,000.

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Previously, as part of the nwbt denoument, medx acquired nwbt's rights to pmsa and 3 unspecified antigens.
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