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Biotech / Medical : Cell Genesys (CEGE) -- Ignore unavailable to you. Want to Upgrade?


To: Luce Wildebeest who wrote (897)5/1/2000 1:37:00 PM
From: david james  Respond to of 1298
 
Basically, JT gets the Asian rights to the cancer vaccine by paying for half of the development costs of the vaccine

cellgenesys.com

The company is developing GVAX© cancer vaccines for
prostate cancer and lung cancer through a worldwide collaboration with the pharmaceutical division of
Japan Tobacco (JT). Under this collaboration, the two companies will share equally in product
development costs and future profits. Cell Genesys will have marketing rights in North America, JT will
have marketing rights in Japan, Taiwan and Korea, and the companies will share rights in Europe and the
rest of the world. Cell Genesys expects to receive approximately $45 million during the first two years of
this collaboration.



To: Luce Wildebeest who wrote (897)5/1/2000 3:25:00 PM
From: david james  Respond to of 1298
 
Here are some previous stories about the vaccine although they don't always mention Cell Genesys (the last one does though). More results should be presented at ASCO around May 23.

wired.com

pslgroup.com

msnbc.com

onhealth.com

quad-net.com



To: Luce Wildebeest who wrote (897)5/5/2000 3:51:00 PM
From: david james  Read Replies (1) | Respond to of 1298
 
ABGX moving up (probably on Genentech's news) and CEGE getting dragged along with it. Each $6 move of ABGX increases CEGE's book value by $1.

Currently ABGX is at $113

4.852 mill shares x 113 = $548 million
$250 mill in cash
$15 mill in facilities etc

Book value is around $813 mill
with 36 mill shares = $22.60

Genentech's very successful MAB drug Herceptin was found to produce a fatal allergic reaction in a small number of cases. This would not occur with a fully human MAB like that produced by ABGX. This demonstrates the importance of the ABGX and MEDX technology.
_______________________________________________________

Currently there are about eight antibody products on the market, including Genentech Inc.'s Herceptin for breast cancer. But those products
are part mouse and part human, so-called hybrid antibodies. Abgenix and Medarex would distinguish themselves by being ``fully human.''
...

Scientists have been trying to harness the potential therapeutic power of antibodies since the early 1980s, with little success until the newer
hybrid antibodies came along in the last two years. Typically, drug makers create hybrid antibodies out of genetically engineered
combinations of human and mouse gene fragments. But because these antibodies contain small bits of mouse protein, they trigger an
immune response, which can include potentially fatal fever.

from biocognizance.com



To: Luce Wildebeest who wrote (897)5/8/2000 11:30:00 AM
From: david james  Read Replies (1) | Respond to of 1298
 
Conferences
CEGE will be presenting some of the results of their trials with their prostate cancer vaccine next week.


IMPORTANT ADVANCES IN CANCER RESEARCH TO BE PRESENTED AT THE ASCO 2000 ANNUAL MEETING
More than 20,000 cancer professionals from around the world will gather at the 36th Annual Meeting of the American Society of Clinical Oncology (ASCO) at the Ernest N. Morial Convention Center in New Orleans from May 20-23, 2000.

Beginning Saturday, May 20th, ASCO will hold seven media briefings featuring significant research being presented at the Annual Meeting, and reviewing important areas of concern in the field of cancer care. All research is embargoed until the date and time of scientific presentation.

asco.org

Two weeks later is an investors conference

marketwatch.newsalert.com

On Saturday June 3, Informed Investors will host its Fifth Beltway Biotechnology Stocks Forum highlighting genomics.
The keynote speaker is analyst Akhtar Samad, M.D., Ph.D., of Oscar Gruss & Co. Companies slated to present are Cell
Genesys
, CuraGen, Gene Logic, Genome Therapeutics, Genzyme Molecular Oncology, Human Genome Sciences, ISIS
Pharmacueticals, Lynx Therapeutics, Sequenom, Targeted Genetics, Trega Biosciences, Vical and Vysis, Inc. Senior
management of the companies will give insights into strategic plans and prospects.