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Biotech / Medical : Cambridge Antibody Technology Group

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To: nigel bates who wrote (402)	9/22/2003 11:04:10 AM
From: keokalani'nui	Read Replies (1) of 625

IMO, the most dyax could have received was nice, but nearly immaterial to CAT. Whatever was done to unwind the first deal proabably is not material either. BTW, I'm pretty sure the licensor ABT feels heat to pay out of CAT's share is serono. GENZ are tough, lawyerly s-o-b-s. May CAT have been very well advised. But the key news....the tgfb P1/2 trial is over. Data later 4q. And the coincidence, a fresh investment in CAT, and today CAT now commits funding to the tgfb JV. CAT just better not ever get behind on its genz-jv payments. All in all great news! Probably.

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