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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Mike McFarland who wrote (5619)9/15/1998 1:12:00 PM
From: Pseudo Biologist  Read Replies (2) of 9719
 
Mike, two companies I can recall doing work on AAV are Avigen (AVGN) and Cell Genesys (CEGE). This is from CEGE's most recent 10K:

<<During 1997, Cell Genesys acquired Somatix Therapy Corporation ("Somatix"),establishing a leadership position in gene therapy. Product research and development programs of the two companies were highly complementary, with Cell Genesys focused on the treatment of AIDS and cancer, and Somatix focused on cancer, central nervous system diseases and other disorders. Technology research and development programs were also highly complementary, with synergies in the retroviral and adenoviral vector programs of both companies and with new adeno-associated viral and lentiviral vector programs contributed by Somatix.
Integration of the two companies was completed by the end of 1997, having prioritized the most promising programs, significantly reducing overall expenses of the combined businesses. With the combined portfolio of product opportunities, technologies and intellectual property, Cell Genesys believes it has substantially increased its ability to attract new corporate collaborations, to advance product candidates through development and commercialization and also has expanded its opportunities to license additional therapeutic genes from other companies and research institutes needed to create new gene therapies.>>
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