Word: biotechs
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Dates: during 2000-2000
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...reseller of genetic information, Gene Logic offers as its main product the GeneExpress reference database, which shows which genes are over- or under-expressed in various diseases ranging from heart failure to cancer. Gene Logic gathers and packages the data and sells it to biotech and pharmaceutical companies...
That story, in fact, has inspired trials of nearly two dozen new biotech medicines. IDEC Pharmaceuticals in San Diego, Calif., for example, has zeroed in on the interactions between helper T cells and APCs to develop antibody drugs against lupus and RA. Their anti-RA antibody selectively switches off T cells involved in autoimmune responses by binding the CD4 molecule on their surfaces. Amgen, of Thousand Oaks, Calif., has developed a drug that works by blocking Interleukin-1, another molecule that promotes inflammation...
...flying home from a meeting on cancer genetics when a wild idea popped into his head. What if you could make a virus that would infect-and kill-cancer cells but leave healthy cells intact? The next day, McCormick excitedly explained his notion to colleagues at Onyx Pharmaceuticals, a biotech company he had founded earlier that year. Some of them were as enthusiastic as he was. Others told him he was crazy; such a treatment couldn’t possibly work...
...BIOTECH RETURNS FUND EXPOSURE...
...Biotech exposure as of 11/10/00; YTD as of 1 1/22/00; Source: Morningstar...