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Biotech / Medical : MEDX ... anybody following?

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To: Icebrg who wrote (738)9/16/2003 11:12:12 AM
From: Icebrg  Read Replies (1) of 2240
 
GENMAB ACHIEVES MILESTONE IN AMGEN LICENSE AGREEMENT

Summary: Genmab has achieved a milestone with Amgen by delivering an antibody that targets the IL15 receptor.

Copenhagen, Denmark; September 16, 2003 – Genmab A/S (CSE: GEN) announced today that it has achieved a milestone in its license agreement with Amgen by delivering an antibody that targets the IL15 receptor. Under the terms of the agreement, Genmab will receive a milestone payment of USD 500,000.

"We are pleased to reach a milestone in our agreement with Amgen," said Lisa N. Drakeman, Ph. D. Chief Executive Officer of Genmab.
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