ng the TRAIL
gene in June 1998. Under the terms of the collaboration agreement, the
companies will share all development and commercialization costs. The companies
will co-promote TRAIL/Apo2L worldwide using the oncology sales forces of both
companies. Profits from the worldwide sales of the product will be shared.
Immunex Corporation is a biopharmaceutical company dedicated to
developing immune system science to protect human health. The company's
products offer hope to patients with cancer, inflammatory and infectious
diseases.
American Home Products owns a majority interest in Immunex. AHP is one
of the world's largest research-based pharmaceutical and health care products
companies. It is a leader in the discovery, development, manufacturing and
marketing of prescription drugs and over-the-counter medications. It is also a
leader in vaccines, biotechnology, agricultural products, and animal health
care.
Genentech, Inc. is a leading biotechnology company that discovers,
develops, manufactures and markets human pharmaceuticals for significant unmet
medical needs. Twelve of the currently marketed biotechnology products stem
from Genentech science. Genentech markets seven biotechnology products directly
in the United States. The company has headquarters in South San Francisco,
California, and is traded on the New York Stock Exchange and the Pacific
Exchange under the symbol GNE.
'"/>
Contact: Tim Warner
warnert@immunex.com
206-470-4193
Immunex Corporation
1-Jun-1999
Page: 1 2 Related biology news :1.
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