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Biotech / Medical : OSI Pharmaceuticals (OSIP) - formerly Oncogene

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To: scaram(o)uche who wrote (37)5/27/1999 9:04:00 AM
From: scaram(o)uche  Read Replies (1) of 447
 
biz.yahoo.com

UNIONDALE, N.Y., May 27 /PRNewswire/ -- OSI Pharmaceuticals, Inc. (Nasdaq: OSIP - news) together with its partners
Pfizer Inc (NYSE: PFE - news) and New York University, announced today a major expansion of their collaboration in
Anaderm Research Corp. The expansion, which will be financed solely by Pfizer, could result in up to $50 million in total
payments to OSI over a 6-year period for its R&D activities in the venture. OSI will also receive royalties on sales resulting
from successful product development. (snip)
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