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Biotech / Medical : SIBIA Neurosciences (SIBI)

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To: scaram(o)uche who wrote (355)5/26/1999 4:35:00 PM
From: LLCF  Read Replies (1) of 579
 
SIBI update on Bloomberg:

-Sibia hopes to eventually profit from the collaboration, but said thiswon't happen immediately. "The agreement with LLY allows us to hunt for drugs to have royalities down the road. That's where the profits come from" said Stephen Keane, a Sibia vice president.

Sibia said the collaboration should produce a number of treatments for neurological and psychiatric disorders. Research targets are central nervous system disorders such as pain, schizophrenia, depression, Alzheimer's, and Parkinson's diseases.

DAK
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