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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: scaram(o)uche who wrote (5046)7/31/1998 9:17:00 AM
From: BadMan  Read Replies (1) of 6136
 
A bit interesting.

Friday July 31, 1:26 am Eastern Time

Chiron sues Eli Lilly , Vertex

EMERYVILLE, Calif., July 30 (Reuters) - Chiron Corp said Thursday it has filed a patent infringement suit against Eli Lilly and Co and Vertex Pharmaceuticals Inc.

Chiron said the two companies are infringing on its patents by developing Hepatitis C virus (HCV) protease inhibitor drugs which fall within the scope of Chiron's HCV protease patents without a license from Chiron.

Officials at Eli Lilly and Vertex were not immediately available for comment.

Chiron said it has continued to make its patent estate available to companies working to discover drugs for the treatment of HCV infection while also pursuing its own research.

To date four companies have signed non-exclusive HCV licenses, which allow the companies to practice under Chiron's patents with respect to the use of HCV protease in protease inhibitor research activities.

Good Luck to All

Andrew K.

PS Richard, thank you for your endless contributions to this thread. Also sold my puts too early, purchased the AUG 30 calls. Glad to be back in sunny California!!!!!!
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