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To: ALTERN8 who wrote (10442)2/4/2003 9:14:23 AM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
ARIA news>ARIAD Licenses Its ARGENT Cell-Signaling Regulation Technology to GPC Biotech
Tuesday February 4, 7:31 am ET

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Feb. 4, 2003--ARIAD Pharmaceuticals, Inc. (Nasdaq: ARIA - News) today announced a non-exclusive license agreement with GPC Biotech AG (Frankfurt Stock Exchange: GPC) that gives GPC Biotech the right to use ARIAD's proprietary ARGENT(TM) cell-signaling regulation technology in GPC's proprietary LeadCode(TM) drug discovery and Reverse Genomics(TM) platform. ARIAD will receive guaranteed license fees of $2 million, including $1 million upon signing. GPC Biotech will use ARIAD's technology both in its internal drug discovery efforts and in partnerships with pharmaceutical and biotechnology companies.