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To: manny t who wrote (45933)1/19/2001 5:03:33 PM
From: Brasco One  Respond to of 57584
 
U.S. judge says Amgen's anemia drug patent infringed
BOSTON, Jan 19 (Reuters) - At least one of biotech bellwether Amgen's (NasdaqNM:AMGN - news) patents for its anemia drug Epogen was infringed upon by Transkaryotic Therapies (NasdaqNM:TKTX - news), a relatively tiny Cambridge, Mass.-based company, a federal judge ruled on Friday.

U.S. District Judge William Young in a 245-page decision found that Amgen's 422 patent ``is valid, enforceable, and literally infringed.''

Amgen reaped about $1.8 billion in sales in 1999 from Epogen, and worldwide revenues were some $4 billion including sales through Amgen's licensing partner Johnson & Johnson (NYSE:JNJ - news).

Transkaryotic, with backing from Franco-German pharmaceutical giant Aventis , had developed an alternative method of developing the drug.



To: manny t who wrote (45933)1/19/2001 6:57:26 PM
From: Steven Finkel  Respond to of 57584
 
FCOR has a long way to go from here. You should decide now how you want to divide your shares (long term, swing,etc). I have a nice number long that I won't touch for quite some time. Patience is required, however. This stock has seen 11-12 bucks/share before, so 8 is nothing new.