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Biotech / Medical : HuMAB companies
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To: nigel bates who started this subject9/15/2004 9:21:35 AM
From: nigel bates   of 1022
 
Nuvelo Announces Extension and Expansion of Kirin Collaboration

SUNNYVALE, Calif., Sept. 15 /PRNewswire-FirstCall/ -- Nuvelo, Inc. (Nasdaq: NUVO - News) today announced the extension and expansion of its research and development collaboration with the Pharmaceutical Division of Kirin Brewery Co., Ltd.

The amended agreement extends the term of the current collaboration to December 31, 2005 and expands the scope of the collaboration to include additional secreted protein genes from Nuvelo's full-length gene portfolio. The collaboration is expected to foster further development of therapeutic candidates using Kirin's proprietary site-directed transgenic mouse technology to identify and develop secreted proteins and associated antibodies with therapeutic utility.

"We are pleased to continue what has been a very successful relationship with Nuvelo," said Toshifumi Mikayama, vice president of planning for Kirin. "Nuvelo's novel gene sequences coupled with Kirin's proprietary technologies have resulted in a discovery engine that has yielded promising results."

"Our initial collaborative efforts have generated a number of exciting development leads," said Dr. Walter Funk, vice president of research for Nuvelo. "We aim to advance at least one internal product candidate into IND-enabling studies this year as a result of this successful collaboration."...
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