Hemagen in Pact to Create Diagnostic Test for AIDS

Important note: Information in this article was accurate in 1995. The state of the art may have changed since the publication date.

Hemagen in Pact to Create Diagnostic Test for AIDS

Wall Street Journal (12/22/95) P. B4

Sheffield Medical Technologies and Hemagen Diagnostics Inc. will collaborate to develop a test to forecast the speed of AIDS progression in patients. According to Sheffield, impending licensing deals for its candidate AIDS and cancer products could generate profit for the firm by 1998. The small biotechnology firm, which does not produce any operating revenue, acquires the rights to preliminary drug research projects, and then develops them to the level at which they can be sold to a larger company for more money.

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