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Biotech / Medical : Ionis Pharmaceuticals (IONS) -- Ignore unavailable to you. Want to Upgrade?


To: Kushi Kullar who wrote (2404)12/20/1998 6:10:00 PM
From: Darrel McPherson  Read Replies (2) | Respond to of 4676
 
The recent purchase of technology from Gilead has me wondering...

"This acquisition is consistent with Isis' strategy to build on its leadership position in antisense technology," said B. Lynne
Parshall, Executive Vice President and Chief Financial Officer of Isis. "Isis is committed to consolidating and supplementing our
dominant proprietary patent position in antisense with the hope that this technology will fulfill its promise as a revolutionary drug
discovery tool."

OK, but half expired on the patents? I have asked Isis to elaborate on this "strategy". Is there some part of the deal where GILD still has a position in this? Or does GILD really see this as a nonproductive area? I am more than curious, there is something really big in this deal or really stupid.
I vote for big.
Anybody else?