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Biotech / Medical : IMNR - Immune Response

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To: jake burns who wrote (498)6/12/1998 9:05:00 AM
From: Emec  Read Replies (2) of 1510
 
fROM briefing.com

08:53 ET Immune Response Corp (IMNR) 13 11/16: Company and Agouron Pharmaceuticals (AGPH) announced that they have agreed to collaborate on the final development and commercialization of REMUNE, a therapy for the treatment of HIV. The drug currently in a Phase III clinical endpoint trial. Immune Response may receive as much as $77 million over next 2years, including license and milestone payments of $45 million, payments to support development of $18 million and the purchase of $14 million of Immune Response common stock priced at premium to market. Stock indicated 1 3/8 higher.
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