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Biotech / Medical : Kos Pharmaceuticals, Inc (KOSP) -- Ignore unavailable to you. Want to Upgrade?


To: JerryR who wrote (39)3/14/1998 8:30:00 PM
From: vera haller  Read Replies (1) | Respond to of 118
 
This is the first time I have visited your site. I was trying to do some research on Kos for one of our investment group members. One of her clients is a rep for this company.

I am confused about the prices you guys have been quoting. When I
looked it up today it is only at around $8. Are we looking at the same
company?



To: JerryR who wrote (39)9/27/2000 12:44:12 PM
From: Bipin Prasad  Respond to of 118
 
CORRECTED - Kos, DuPont seek OK from
FDA
Tue Sep 26 14:36:00 EDT 2000



In the WILMINGTON, Del. item "Kos, DuPont seek OK from FDA
on cholesterol drug," please read in first graph "for the
cholesterol fighting drug developed by Kos and co-marketed by
DuPont Pharmaceuticals," instead of "co-developed." In second
graph, read "marketing deal" instead of "research pact," and
delete "development" from first sentence of fourth graph.
(Corrected to show DuPont/Kos co-marketing, not co-developing,
drug.)
A corrected version follows.
WILMINGTON, Del., Sept 26 (Reuters) - DuPont Co.'s
drug subsidiary and Kos Pharmaceuticals Inc. on
Tuesday said they have submitted a New Drug Application (NDA)
to the U.S. Food and Drug Administration for the
cholesterol-fighting drug formerly known as Nicostatin,
developed by Kos and co-marketed by DuPont Pharmaceuticals.
The two companies, which in May signed a
multimillion-dollar marketing deal, said they expect approval
from the FDA by the end of 2001. Kos said it is developing a
new brand name for the drug, which combines Kos' Niaspan and
Lovastatin therapies.
Upon regulatory approval, the two companies said they will
jointly market the drug. Kos and DuPont also said they expect
to apply for regulatory approval in Canada and Europe. The
niacin/lovastatin therapy is currently in Phase IV trials.
This summer DuPont Pharmaceuticals said it would provide up
to $80 million in funding to Kos for the cholesterol management
therapy, which in recent tests demonstrated the capacity to
raise "good" cholesterol up to 40 percent and lower "bad"
cholesterol by almost 50 percent, to help patients lower their
risk for heart disease.
Shares of Kos closed at $16 on the Nasdaq stock market on
Monday, while shares of DuPont closed at $39-3/16 on the New
York Stock Exchange.