Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Aronex Pharma (ARNX) -- Ignore unavailable to you. Want to Upgrade?

To: Sam Lee who wrote (201)	1/9/1999 8:07:00 PM
From: Sam Lee	Respond to of 320

Everytime there is a release about atragen and its cancer potential I like it. Somebody will develop the drug that kills cancerous cells. Like polio, malaria and small pox, one of these days folks will tell their grand kids,"Yeah, I remember when that used to be a problem." In time, the winner will emerge.

To: Sam Lee who wrote (201)	1/11/1999 9:49:00 AM
From: Dexter Enders	Read Replies (1) \| Respond to of 320

Looks like Aronex is meeting it goals. Aronex Pharmaceuticals Receives Milestone Payments for Antifungal Agent NYOTRAN(R) THE WOODLANDS, Texas, Jan. 11 /PRNewswire/ -- Aronex Pharmaceuticals, Inc. (Nasdaq: ARNX - news) announced today that it has received two milestone payments totaling $5.6 million from Abbott Laboratories (NYSE: ABT - news). The payments are a result of the completion of patient enrollment and treatment required under the protocol for the Phase III comparative multi-center trials of NYOTRAN® against amphotericin B in patients with presumed fungal infections in the United States and in Europe. These milestone payments were achieved as part of the November 1998 license agreement with Abbott for the worldwide marketing rights to NYOTRAN. Including the $2.8 million in milestones received in November 1998, Aronex Pharmaceuticals has currently received $8.4 million in milestone payments under this license agreement, and $3.0 million related to a stock purchase agreement. NYOTRAN is Aronex Pharmaceuticals' proprietary injectable formulation of nystatin for the treatment of systemic fungal infections