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Biotech / Medical : Pharmacopeia, Inc. (ACCL) (Prev: PCOP)
ACCL 4.112+2.8%1:46 PM EST

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To: Susan Rodney who wrote (38)2/2/1998 1:45:00 PM
From: James Silverman   of 179
 
Sue,
So much for the no patent argument. This is a very broad claim relating to parallel synthesis and optimization.

Jim

2/2/98
ArQule, Inc. Granted U.S. Patent for Fundamental Approach to Designing
and Manufacturing Arrays of Chemical Compounds

Logically Ordered, Spatially Arranged Arrays of Compounds Are
Facilitating

Drug Discovery

MEDFORD, Mass., Feb. 2 /PRNewswire/ -- ArQule, Inc. (Nasdaq: ARQL) today announced that it has received from the U.S. Patent and Trademark Office, Patent No. 5,712,171 entitled "Method of Generating a Plurality of Compounds in a Spatially Arranged Array." The patent describes ArQule's novel method to design and manufacture arrays of logically ordered chemical compounds, which enables the Company to derive from its chemical libraries an enormous amount of information based on the characteristics of the constituent compounds. The issuance of the patent awards ArQule broad coverage for one of the most fundamental aspects of its combinatorial chemistry technology. By developing and applying this technology, ArQule has been able to reduce the time required to identify and optimize potential drug candidates to under two years, compared to the industry average of up to six years. In addition, the Company believes that with these advanced technologies, ArQule is able to discover better drugs at lower cost than is possible with traditional methods.
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