Bio '99 to showcase technology, treatment
By August Cole, CBS MarketWatch
Last Update: 3:56 PM ET May 16, 1999
Biotech stocks
SEATTLE (CBS.MW) -- The world's largest biotechnology trade show
kicks off Sunday, giving industry giants and start-ups a chance to discuss
and showcase their products and technological developments.
Glaxo Wellcome (GLX: news, msgs), Eli Lilly
(LLY: news, msgs), Johnson & Johnson (JNJ:
news, msgs) and Bristol-Myers Squibb (BMY:
news, msgs) and Immunex (IMNX: news, msgs)
are among the companies in attendance. The
Seattle Times reported the conference is expected
to draw over 5,000 executives from the industry.
There are currently more than 120 biotech
companies in Washington state, the Seattle Times
said.
Among them, Bothell, Wash.-based ICOS (ICOS:
news, msgs) will showcase its developing
impotence drug. The treatment is seen as a
potential challenger to Pfizer's Viagra.
The Seattle Times quoted Icos' CEO, president and
chairman George Rathmann as saying, ""I've been
getting calls for two months now from people
asking, 'Can I see you at Bio '99,?' "
August Cole is an assistant news editor for CBS
MarketWatch. |
