Unterstützung sollte bei 5 $ liegen.
Gestern hat Arqule Meilensteinzahlung erhalten. Nach den News ging Arqule wieder leicht nach oben, schloss aber knapp unter dem Eröffnungskurs.
Hier die News:
Press Release Source: ArQule, Inc.
ArQule Announces Milestone from Wyeth Collaboration
Monday January 26, 7:00 am ET
ArQule`s technology delivers IND filing for Wyeth, triggering payment to ArQule
WOBURN, Mass., Jan. 26 /PRNewswire/ -- ArQule, Inc. (Nasdaq: ARQL - News) today announced that it has achieved a milestone, triggering a payment to ArQule from Wyeth Pharmaceuticals (NYSE: WYE - News). Wyeth has filed an Investigational New Drug (IND) application with the Food and Drug Administration (FDA) for a compound whose discovery was facilitated through the collaborative Directed ArrayTM Program with ArQule. The Wyeth IND application seeks permission to conduct clinical trials on a candidate for a disease in women`s health.
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In 1997, ArQule and Wyeth commenced a five year, $28 million collaboration involving access to ArQule`s Mapping Array® and Directed ArrayTM programs. This compound was nominated for development track status in October 2002. The filing of the IND triggers a milestone payment to ArQule as part of its agreement with Wyeth. ArQule could also receive additional milestones if the program progresses and royalties on commercial sales of any products resulting from the collaboration. Financial terms of the milestone were not disclosed.
" This milestone, representing the first payment to ArQule for an IND filing based on our technology, clearly validates ArQule`s approach to chemistry-based drug discovery," said Dr. Stephen A. Hill, ArQule`s President and Chief Executive Officer. " We are pleased to see results from our contribution to Wyeth`s discovery and development pipeline."
Dr. Hill continued, " We are proud of our achievements for our pharmaceutical partners. We are also excited by the prospects of integrating this chemistry expertise with our Activated Checkpoint TherapySM biology platform focused on building a portfolio of cancer therapeutics."
ArQule, Inc. is a biotechnology company engaged in research and development of next-generation small-molecule cancer therapeutics based on its innovative Activated Checkpoint TherapySM (ACTSM) platform. ACTSM compounds are intended to improve the way cancer patients are treated because they selectively kill cancer cells and spare normal cells by restoring and activating cellular checkpoints that are defective in cancer. The Company`s lead programs are ARQ 501 for solid cancers, presently in Phase 1 clinical trials, and ARQ 101, an optimized small-molecule compound targeting p38 MAP Kinase for rheumatoid arthritis, presently in preclinical (GLP-tox) studies. In addition to advancing its own programs, ArQule continues to advance the drug discovery efforts of pharmaceutical collaborators by providing high- quality library design and compound production. For more information about ArQule, please visit the Company`s new website at www.ArQule.com.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements or historical performance due to numerous risks and uncertainties that exist in ArQule`s operations, development efforts and the business environment, including without limitation: the ability to integrate successfully ArQule`s biology experience and the ACTSM platform with its small-molecule chemistry expertise; the ability to improve the treatment of cancer patients; the ACTSM platform may not improve efficacy or reduce toxicity and compounds resulting from the platform may not operate as intended; payments may not be received on a timely basis resulting in inaccuracies of the financial projections contained herein; and, the risks and uncertainties described in ArQule`s Form 10-K filed with the Securities and Exchange Commission on March 31, 2003, its Form S-3 filed with the Commission on October 8, 2003 and its Form 10-Q filed with the Commission on November 12, 2003. The forward-looking statements contained herein represent the judgment of ArQule as of the date of this report. ArQule disclaims any intent or obligation to update any forward- looking statement except to the extent required by law.
Greetz
BillyT.