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Biotech / Medical : SangStat Med. (SANG) - 10 of 10 analysts say Strong Buy -- Ignore unavailable to you. Want to Upgrade?


To: Richard Haugland who wrote (122)6/15/1998 5:11:00 PM
From: Richard Haugland  Read Replies (2) | Respond to of 184
 
SangStat Receives CYCLOSPORINE US Patent Covers Multiple Formulations Including Sang-35

biz.yahoo.com

Released after market closed

Cyclosporine is the leading immunosuppressive drug used in transplantation to prevent graft rejection. Cyclosporine is marketed by Novartis Ltd. in different formulations as Sandimmune(R) and Neoral with estimated worldwide sales of $1.3 billion in 1997. Subject to FDA approval, Sang-35 is expected to compete with Sandimmune and Neoral. In the U.S. and Europe there are more than 200,000 transplant recipients requiring daily immunosuppressive therapy for the rest of their lives, the majority of whom take cyclosporine. Novartis' composition of matter patent on cyclosporine expired in the U.S. in September, 1995.