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Biotech / Medical : Cadus Pharmaceutical Corp. (KDUS) -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (330)	10/6/2000 4:55:55 PM
From: scaram(o)uche	Read Replies (1) \| Respond to of 1833

>> I'll say it again, if the PTO goes back on their word, I'll be mightily pissed off. << Remember.... in tough cases, the PTO often punts. They deny claims, and put the burden of proof on the applicant. Not generally true, IMO and however, re. patents that have already issued. If I were a Merckie, I'd fight, to the bitter end, for the claims.

To: Mike McFarland who wrote (330)	10/8/2000 4:25:11 PM
From: scaram(o)uche	Respond to of 1833

Mike: There's a message waiting for you in the Cadus thread at Yahoo. It says (among other things)... "Thanks for posting the court ruling link. It is my biased opinion that linking prior art, such as Stumpo and Lester, was valid logic for their decision." For those who don't realize it, a KDUS thread at Yahoo still exists. It just can't be reached if you go in through the front door......... messages.yahoo.com Rick

To: Mike McFarland who wrote (330)	10/15/2000 2:52:42 PM
From: Tomato	Read Replies (2) \| Respond to of 1833

I have some questions about the 10-Q of 10-15-00 involving the following statements contained in the document. Here are the statements and after I'll ask the questions that hopefully someone on the thread can answer for me. Thanks in advance: At September 30, 1999, the Company had an accumulated deficit of approximately $50.8 million [Balance Sheet] Accumulated deficit ( 52,397,238) . Following the JAFCO investment, the Company began recognizing 50% of the net losses generated by Axiom which is the extent to which the Company is deemed to be funding such losses For the three months ended March 31, 2000, the Chief Executive Officer's compensation was $580,000, which includes $497,500 in severance pay. The Company retained ownership of all its other assets including its core yeast technology for developing drug discovery assays, its collection of over 25,000 proprietary yeast strains, human and mammalian cell lines, and genetic engineering tools, its joint ownership of the human orphan G protein-coupled receptors identified pursuant to its collaboration with Genome Therapeutics Corporation, its proprietary software, its genomics databases related to G protein-coupled receptors, all assays and technologies reverting to it from its collaboration with Bristol -Myers Squibb Company, a 30% equity position in Axiom Biotechnologies, Inc., the Company's cash and cash equivalents, and the funds that were being held in escrow pending appeal of the verdict in favor of SIBIA. OSI paid to the Company a license fee of $100,000 and an access fee of $600,000, which has been recorded as license fee revenue in the quarter ended March 31, 2000. OSI is also obligated to pay an annual maintenance fee of $100,000 until 2010 and a supplemental license fee of $250,000 if the injunction obtained by SIBIA is lifted or dissolved *************** 1. Does the above mean that in addition to the $1.90 or so per share cash that they have liabilities of over $50 mil? 2. I thought the interest in Axiom was liability-free stock interest-- but it sounds instead like they may be liable for Axiom's debts. ???? 3. When Richard Harmon says he's KDUS not for the cash but for the royalties, is he talking about the $100k per year licensing and other possible licensing fees or possible royalties from its core yeast technology or what? 4. Wonder how much Glass is getting paid now for running the shell and not returning phone calls? ;-)