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Biotech / Medical : BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V} -- Ignore unavailable to you. Want to Upgrade?

To: BRAVEHEART who wrote (267)	3/10/2000 7:57:00 AM
From: Mel Spivak	Read Replies (1) \| Respond to of 423

MEDX has been one the the mot spectacular performers, (for good reason). MEDX has pulled back this week and may be ready to resume. This just Released: Medarex, Regeneron to co-develop, market new drugs PRINCETON, N.J., March 10 (Reuters) - Medarex Inc. (NasdaqNM:MEDX - news) and Regeneron Pharmaceuticals Inc. (NasdaqNM:REGN - news) have formed an alliance to develop and market drugs based on antibodies, the natural disease fighters made by the body's immune system, Medarex said on Friday. The companies have selected more than 20 initial targets, including growth factors, and anticipate adding more targets in the future. The companies will share preclinical and clinical responsibilities and will jointly market any drugs that result from the strategic alliance, Medarex said in a statement. Further details of the collaboration were not immediately available. Medarex uses a technology that produces large quantities of an antibody that binds very selectively with a foreign invader. Regeneron has developed potential new treatments for some of the most serious and widespread disease and conditions, including cancer, asthma, arthritis and vascular disease. Medarex shares closed on Thursday at 166-41/32. Regeneron closed at 41-9/16