To: JOHN W. who wrote (265 ) 12/2/1997 3:01:00 PM From: Douglas Nordgren Respond to of 353
Chiron Grants Bristol-Myers Squibb and Arris First Non-Exclusive HCV Licences Hepatitis C Virus Patent Portfolio Rights to be Used for Protease Inhibitor Researchbiz.yahoo.com EMERYVILLE, Calif.--(BW HealthWire)--Dec. 1, 1997--Chiron Corporation (NASDAQ:CHIR - news) announced today that it has granted to Bristol-Myers Squibb Company and Arris Pharmaceutical Corporation the first non-exclusive licenses under the company's hepatitis C virus (HCV) patent portfolio for protease inhibitor research. These licenses allow the two companies to practice under Chiron's patents with respect to the use of HCV NS3 protease in protease inhibitor research activities. ''We believe these are the first of many license agreements since there is intense interest in developing potential protease inhibitor therapeutics to treat HCV,'' stated Ed Penhoet, Ph.D., Chiron's president and chief executive officer. ''For a reasonable period of time, we will continue to make our patent estate available to companies working to discover drugs for this serious disease. At the same time, we will pursue our own research and product development activities for hepatitis.'' Chiron has been actively involved in non-A, non-B hepatitis research since the early 1980's, and is a recognized scientific leader in the field of hepatitis. As a result of Chiron's successful cloning of HCV, Chiron possesses an extensive HCV patent portfolio, and is engaged in numerous research and commercial activities which utilize Chiron's expertise in the HCV field. Chiron Corporation, headquartered in Emeryville, California, is a science-driven, market-directed healthcare company that combines diagnostic, vaccine and therapeutic strategies to control diseases such as AIDS, hepatitis, cardiovascular disease and cancers in which Chiron has a core expertise. Contact: Chiron Corporation, Emeryville Jim Knighton, 510/923-6055 (VP, Investor Relations)