Geron "owns five (5) issued United States patents and over 40 United States patent applications and has licensed 13 issued United States patents and over 40 United States patent applications," according to the company's June, 1997, 10Q. Since many of Geron's patent applications are still pending, a patent search covering only issued patents wouldn't give a complete picture of Geron's intellectual property holdings. In addition, it's not clear whether you checked for all of the patents Geron has exclusively licensed. In this regard, you did miss patent #5,639,639, issued on June 17, 1997 to Geron's collaborator, the University of Texas Southwestern Medical Center at Dallas, and licensed exclusively to Geron. Good luck --- Marty I've heard a number of Geron presentations and spoken to management. They do believe they have an exceptionally strong patent position with regard to telomerase. Also, most of the leading telomerase researchers are Geron collaborators. Here's a quote from Geron's July 10, 1997 press release, announcing issuance of patents 5,645,986, 5,629,154 and 5,639,613: "These patents complement Geron's extensive patent portfolio, giving us an unusually strong proprietary position in the field of telomerase and cancer," said Ronald W. Eastman, Geron president and chief executive officer. "They enhance Geron's ability to develop a telomerase inhibitor as a novel cancer therapeutic and to develop telomerase as the cancer marker of choice for oncologists." Personally, I trust Geron's confidence that they have, as I've previously posted, "pretty much locked up the patents covering the use of telomerase inhibitors to treat cancer." Apparently, P&U also believes in Geron's strong patent protection. Others may have their doubts and I don't have a problem with that -- that's what makes a stock market. |