Millennium Pharmaceuticals, Inc. (MLNM) Message Board

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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)

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To: John O'Neill who wrote (114)	3/13/1998 4:15:00 PM
From: Pseudo Biologist	Read Replies (1) of 3044

John, yes. Henry could say one or two things about MLNM, as they were in the running for the cloning of the leptin receptor (a tiny outfit called Progenitor - PGEN- may have cloned at about the same time). We've talked about Microcide before, and I hold a small position on it. Interesting company, but they better put something in the clinic this year or you will see many disappointed investors. One thing that blew me away in the MLNM web page is the number (and nature) of job openings. These guys spend money like crazy; I hope they have the contract or otherwise revenues to feed all those people. Two recent appointments at MLNM are interesting to me. One was Crhis Sander to head the bioinformatics division. Sander has excellent reputation in the structural biology field; I was surprised he would leave his cozy position at the EMBL (kind of like a European NIH, roughly) to work for this "small" biotech. The other is Michael Pavia from Sphynx, the combinatorial chemistry subsidiary of Lilly. This suggests they are making enough progress in target discovery that they want to start doing chemistry. The ChemGenics acquisition also fits this strategy. PB

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