Market Place: A Broad Patent Is Spurring the Shares of Protein Design Lab

Important note: Information in this article was accurate in 1996. The state of the art may have changed since the publication date.

Market Place: A Broad Patent Is Spurring the Shares of Protein Design Lab

Wall Street Journal (12/20/96) P. D6
Fisher, Lawrence M.

Abstract: Protein Design Lab, which announced on Monday that it had received a patent covering the production of humanized antibodies in mice, saw its shares rise 25 percent this week. The patent could create royalties for the company, whose product pipeline is also promising, analysts say. Oppenheimer analyst Matthew Geller notes Protein Design Labs benefits from broad enabling technology that could lead to the development of drugs for many different diseases as well as a solid business strategy. Among the drugs in the company's pipeline are Kanebo, a possible treatment for cytomegalovirus in transplant and AIDS patients, and a drug for chronic hepatitis B and liver transplants.

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