SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Mar 7 3:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Donaldm who wrote (606)3/31/1998 8:11:00 PM
From: Donaldm  Read Replies (1) of 965
 
President George Bush Delivers Keynote Address at Launch of Centocor's New Acute Cardiovascular Care Division

New Division Marks Centocor's Evolution to a Full-Service

Biopharmaceutical Company

ATLANTA, March 31 /PRNewswire/ -- President George Bush delivered the keynote address today at the launch of Centocor's (Nasdaq: CNTO) new acute care cardiovascular division. The 41st president of the United States addressed more than 800 cardiologists at the Centocor's event, and reinforced America's commitment to treating cardiovascular disease and the importance of biotechnology in achieving this goal.

"As heart disease continues to be one of our nation's leading killers, American researchers, physicians, biotechnology, and pharmaceutical companies are working harder than ever to improve the care of cardiovascular disease patients," said President George Bush. "Their efforts or developments, will be a key component in preventing, diagnosing, and treating cardiovascular disease in the 21st century."

"The unveiling of Centocor's new acute cardiovascular care unit marks an important development for a biopharmaceutical company to help Americans fight heart disease, as noted by David P. Holveck, Chief Executive Officer of Centocor. "Centocor has become a leader in bringing biotechnology to bedside by making the company's discoveries accessible to physicians and patients," David Holveck added.

Centocor's range of cardiovascular products includes its lead product, the potent antiplatelet drug ReoPro(R)(abciximab). ReoPro, a monoclonal antibody, is the first of a new class of drugs known as glycoprotein(GP) llb/llla inhibitors that has been shown to help improve the outcome and save the lives of patients undergoing angioplasty.

Recently, Centocor acquired the product rights, in the U.S. and Canada for the thrombolytic Retavase(TM)(reteplase) from Roche Holding, Ltd., a parent company of Boehringer Mannheim. The acquisition provides a sales and marketing infrastructure which will commercialize Retavase as well as jointly promote ReoPro with its partner Eli Lilly and Company. In addition, Centocor and Lilly soon will begin a clinical trial to test the combination of Retavase and ReoPro, in the medical management of heart-attack patients.

"As we approach the new millennium, about 58 million people will have one or more types of heart disease," said David Holveck. "Centocor has the capability to provide a full range of therapeutic and diagnostic cardiovascular products that can help save human lives."

ReoPro was developed by Centocor, Inc., and is manufactured by Centocor B.V. in Leiden, The Netherlands. Eli Lilly and Company distributes the product worldwide, except in Japan. Fujisawa Pharmaceutical Co., Ltd. will distribute ReoPro upon arrival in Japan.

Centocor is a biotechnology company whose mission is to develop and commercialize novel therapeutic and diagnostic products and services that solve critical needs in human health care. The Company concentrates on research and development, manufacturing and market development, with a primary technological focus on monoclonal antibodies and DNA-based products. SOURCE Centocor

CO: Centocor

ST: Georgia

IN: HEA

SU: PDT

03/31/98 19:30 EST prnewswire.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext