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To: sjemmeri who wrote (4590)2/17/2006 12:08:03 PM
From: keokalani'nuiRespond to of 4974
 
Don't know if corus really had the goods, but hate to see any potential treatment for CF go unfunded.



To: sjemmeri who wrote (4590)4/13/2006 1:49:27 AM
From: dr.praveenRespond to of 4974
 
Gilead Invests $25 Million in Corus Pharma
Wednesday April 12, 4:00 pm ET
Establishes Equity Position in Company With Late-Stage Product Candidate for Cystic Fibrosis

biz.yahoo.com

FOSTER CITY, Calif. & SEATTLE--(BUSINESS WIRE)--April 12, 2006--Gilead Sciences, Inc. (Nasdaq:GILD - News) and Corus Pharma, Inc. today announced that Gilead has invested $25 million in Corus, a privately-held Seattle-based company focused on the development of novel drugs for respiratory diseases. In return for the investment, Gilead will receive preferred shares in Corus and will become the second largest shareholder in the company. Gilead will also have an exclusive option to purchase the remaining shares of Corus at a pre-specified price.

Corus' lead product candidate, Cayston(TM) (aztreonam lysine for inhalation), is an inhaled antibiotic with activity against gram-negative bacteria including Pseudomonas aeruginosa, which can cause lung infections in patients with cystic fibrosis (CF). Corus is currently enrolling Phase III studies to evaluate the product as a potential treatment for CF-related pulmonary infections. Aztreonam lysine for inhalation was granted orphan drug status by the U.S. Food & Drug Administration in March 2002.