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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Catco Reinsurance Opportunities Fund Limited | LSE:CAT | London | Ordinary Share | BMG1961Q3242 | ORD USD0.00013716 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.00 | 14.00 | 36.00 | 25.00 | 25.00 | 25.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 6.33M | 5.44M | 3.6440 | 6.86 | 37.33M |
RNS No 7509h CAMBRIDGE ANTIBODY TECHNOLOGY GROUP PLC 26th March 1999 For Further Information Contact: Cambridge Antibody Technology Group plc Dr David Chiswell, Chief Executive Officer Tel: +44 (0) 1763 263233 John Aston, Finance Director HCC.De Facto Trade/Science, Andrew Worsfold Tel: +44 (0) 171 496 3300 City/Financial, Nicola How CAT AND BASF EXTEND RESEARCH COLLABORATION AGREEMENT REACHED ON THIRD DEVELOPMENT PROGRAMME Melbourn, UK Cambridge Antibody Technology ("CAT") announces that it has reached agreement with BASF Bioresearch Corporation ("BBC"), Worcester, Massachusetts, part of BASF Pharma, on an extension and modification of its existing collaborative programme. Under this programme BASF may select up to six target antigens against which CAT will develop antibodies. CAT has developed fully human monoclonal antibodies against the first two targets selected by BASF which are now in the clinic or in pre-clinical development. BASF has now selected a third target and CAT has started work on developing a fully human monoclonal antibody. CAT receives milestone and royalty payments for developed antibodies entering the clinic and subsequently commercialised by BASF. CAT's Chief Executive, Dr David Chiswell commented: "We have worked with BASF for a number of years. We are extremely pleased at the confidence they have shown in CAT in starting a third collaboration with us. " Notes to Editors CAT CAT is a UK biotechnology company using its proprietary technologies in fully human monoclonal antibodies for drug discovery and drug development. Based in Melbourn, 10 miles south of Cambridge, England, CAT currently employs around 150 people. In March 1997, CAT completed its initial public offering and listing on the London Stock Exchange, raising approximately #41 million. CAT has a world-leading platform technology for rapidly isolating fully human monoclonal antibodies using phage display systems. CAT has an extensive phage display antibody library, currently incorporating around 100 billion distinct antibodies. This library forms the basis for the company's strategy to develop a portfolio of clinical development programmes and for discovering new drug leads using functional genomics. The first two antibody products it developed started clinical trials in 1997, in inflammation and fibrosis. CAT has a number of license and collaborative agreements in place with pharmaceutical and biotechnology companies including: Eli Lilly, Pfizer, BASF Pharma, Genentech, ICOS Corporation, Genetics Institute/BASF Pharma and Mitsubishi Chemical. BASF BASF Pharma is the label used to designate the global corporate pharmaceutical operations of BASF, headquartered at Knoll AG in Ludwigshafen. In 1998, BASF Pharma sales amounted to DM4.51 billion, representing an increase of 11% over the preceding year. The work-force numbers more than 13,000, of which more than 3,700 are employed in Germany. CAT / BASF - Current Collaborations In November of last year, BASF announced Phase I/IIa clinical results for its fully human anti-TNF alpha (Tumour Necrosis Factor) monoclonal antibody (D2E7) for the treatment of rheumatoid arthritis, developed in conjunction with CAT. In a second programme, CAT has developed a high-potency anti-IL12 (Interleukin 12) fully human monoclonal antibody for the treatment of inflammatory disorders; this antibody is currently progressing through the pre-clinical phase. Anti-IL-12 antibodies could have application in a number of severe autoimmune and inflammatory diseases. END MSCAVUBKKKKOUAR
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