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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: If only I'd held who wrote (100045)4/25/2000 8:54:00 AM
From: manny t  Respond to of 108040
 
IMCL,

ImClone Systems Receives Notice of Allowability of U.S. Patent for TherapeuticCombination of Anti-EGF Receptor Monoclonal Antibodies and Anti-NeoplasticAgents
Tue Apr 25 06:46:00 EDT 2000
NEW YORK, Apr 25, 2000 (BUSINESS WIRE) -- ImClone Systems Incorporated
(Nasdaq:IMCL) announced today it has received notification from the United
States Patent and Trademark Office of the allowability of a patent claiming the
therapeutic combination of anti-Epidermal Growth Factor receptor (EGFr)
monoclonal antibodies and anti-neoplastic agents, for use in the treatment of
cancer. ImClone Systems' lead targeted cancer therapeutic, IMC-C225, is a
monoclonal antibody that inhibits EGFr and is currently being tested in late
stage pivotal studies.

The patent will cover a composition of matter of any EGFr monoclonal antibody
which inhibits the binding of EGF to its receptor, in combination with any
anti-neoplastic agent, as well as the therapeutic use of such combinations.

"This patent will solidify ImClone Systems' position as the leader in the
development of monoclonal antibodies which inhibit EGFr," stated Samuel D.
Waksal, Ph.D., President and Chief Executive Officer of ImClone Systems
Incorporated. "This patent along with others in our intellectual property
portfolio will provide ImClone with a distinct advantage in the development and
commercialization of our lead product candidate, IMC-C225."

IMC-C225, ImClone Systems' lead biologic cancer therapeutic, is being developed
to target and treat cancers that are positive for the Epidermal Growth Factor
receptor (EGFr), associated with tumor cell growth and repair in a number of
solid tumor cancers. The Company is conducting two Phase III clinical trials
evaluating IMC-C225 in combination with radiotherapy and with chemotherapy in
patients with advanced squamous cell head and neck carcinoma. In addition to the
Phase III studies, ImClone Systems is conducting a Phase II trial evaluating
IMC-C225 in combination with cisplatin in patients with refractory advanced
squamous cell head and neck carcinoma.

ImClone Systems is testing IMC-C225 in other indications as well. The Company is
conducting a Phase II trial evaluating IMC-C225 in combination with irinotecan
in patients with refractory colorectal carcinoma and, a Phase II study
evaluating IMC-C225 in combination with the anti-cancer agent gemcitabine in
patients with pancreatic carcinoma.

ImClone Systems Incorporated is advancing oncology care by developing a
portfolio of targeted biologic treatments, which address the medical needs of
patients with a variety of cancers. The Company's three programs include growth
factor blockers, cancer vaccines and anti-angiogenesis therapeutics. ImClone
Systems' strategy is to become a fully integrated biopharmaceutical company,
taking its development programs from the research stage to the market. ImClone
Systems is headquartered in New York City with manufacturing facilities in
Somerville, New Jersey.

Except for the historical information contained herein, the matters discussed in
this news release may include forward-looking statements. Actual results may
differ materially from those predicted in such forward-looking statements due to
the risks and uncertainties inherent in the Company's business, including,
without limitation, risks and uncertainties in obtaining and maintaining
regulatory approval, market acceptance of and continuing demand for the
Company's products, the impact of competitive products and pricing, and the
Company's ability to obtain additional financing to support its operations. The
Company undertakes no obligation to revise or update this press release to
reflect events or circumstances after the date hereof.

Distributed via COMTEX.

Copyright (C) 2000 Business Wire. All rights reserved



To: If only I'd held who wrote (100045)4/25/2000 8:58:00 AM
From: Tassi  Read Replies (2) | Respond to of 108040
 
I like CEGE and ABGX, Also AVAN GENE and SCLN.
The Bio's start to look good BUT please watch it as you trade..:-)


CELL GENESYS Q1 SHR PROFIT $3.63 VS LOSS $0.04
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CELL GENESYS CEGE.O Q1 SHR PROFIT $3.63 VS LOSS $0.04
REUTERS
Rtr 07:32 04-25-00

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Copyright 2000, Reuters News Service

ABGX...
DJ ABGX Upside Earnings Alert: 1Q (9c); First Call (11c)

--------------------------------------------------------------------------------

25 Apr 8:12

Analysts surveyed: 4

The company's earnings figure is on a diluted basis. First Call/Thomson
Financial assumes earnings estimates from analysts are on a diluted basis.

(END) DOW JONES NEWS 04-25-00

08:12 AM