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Biotech / Medical : NexStar Pharm(NXTR)

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To: Miljenko Zuanic who wrote (286)	5/28/1998 11:15:00 AM
From: Rob-Chemist	Read Replies (1) of 328

I would strongly disagree with your characterization of this as bad news, and would instead consider it very good news. I would not be surprised if a large number of other drug companies also license the SELEX technology for target validation, thereby providing NXTR with a significant influx of cash. I think that it is significant that they did not sell the rights to using the SELEX either for the development of new drugs or diagnostics. Finally, this may be the start of a larger collaboration between Glaxo-Wellcome and NXTR. A few years ago, Burrows-Wellcome (prior to the merger with Glaxo) was very interested in the diagnostic aspects of SELEX. NXTR, however, decided to collaborate with other companies at the time.

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