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Biotech / Medical : DPII: Discovery Partners Int'l

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To: Bio-Newbie who wrote (63)4/23/2006 7:03:27 PM
From: Mike McFarland  Read Replies (1) of 111
 
Ah!

It hope that Infinity has done plenty of that.
On the surface, "proprietary molecule" ipi-504
seems awfully close to kos-953 (17-AAG).

And yet you have a company like Ariad practically
claiming NF-kB for itself--why don't they sue MLNM
over Velcade too?!

edit, found this

sec.edgar-online.com

On June 26, 2002, Ariad Pharmaceuticals, Inc. sent us and
approximately 50 other parties a letter offering a sublicense
for the use of U.S. Patent No. 6,410,516 (which was recently
issued and which is exclusively licensed to Ariad). We have
serious questions concerning the validity of this patent.
However, if Ariad sued us for infringement of this patent,
and the patent was found to be valid and we were found to be
infringing, we could be required to pay royalties based on
the U.S. sales of VELCADE, which would reduce our profits
on these sales and which could have a material adverse effect
on our business.


but that's pretty old news

In any event, I hope that Kosan does not sue Infinity
after my shares convert.
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