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Greetz f-h
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CAT's Offer for OGS |
MONDAY, MARCH 24, 2003 4:36 AM - PR Newswire CAMBRIDGE, England, Mar 24, 2003 /PRNewswire-FirstCall via COMTEX/ -- Cambridge Antibody Technology (LSE: CAT; Nasdaq: CATG) notes the recent press reports that Celltech (LSE: CCH; NYSE: CLL) has acquired approximately 10 per cent. of the outstanding share capital of Oxford GlycoSciences (LSE: OGS; Nasdaq: OGSI). CAT reminds OGS shareholders that the proposed merger of CAT and OGS would be effected by way of a scheme of arrangement that would require approval by a majority in number of the shareholders who vote at the court convened meeting representing 75 per cent of the shares voted at that meeting. As a result, the proposed merger of CAT and OGS can be achieved notwithstanding Celltech's recent acquisition of OGS shares. Notes Cambridge Antibody Technology (CAT): -- CAT is a UK-based biotechnology company using its proprietary technologies and capabilities in human monoclonal antibodies for drug discovery and drug development. Based near Cambridge, England, CAT currently employs around 290 people. -- CAT is a leader in the discovery and development of human therapeutic antibodies and has an advanced proprietary platform technology for rapidly isolating human monoclonal antibodies using phage display systems. CAT has extensive phage antibody libraries, currently incorporating more than 100 billion distinct antibodies. These libraries form the basis for the Company's strategy to develop a portfolio of antibody-based drugs. -- Humira(TM) is the leading CAT-derived antibody. Six other CAT-derived human therapeutic antibodies are at various stages of clinical trials. -- CAT has alliances with a large number of pharmaceutical and biotechnology companies to discover, develop and commercialise human monoclonal antibody-based products. CAT has also licensed its proprietary human phage antibody libraries to several companies for target validation and drug discovery. CAT's collaborators include: Abbott, Amgen, Amrad, Chugai, Elan, Genzyme, Human Genome Sciences, Merck & Co, Pharmacia and Wyeth Research. -- CAT is listed on the London Stock Exchange and on NASDAQ since June 2001. CAT raised 41m pounds sterling in its IPO in March 1997 and 93m pounds in a secondary offering in March 2000.Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995: This press release contains statements about Cambridge Antibody Technology Group plc ("CAT") that are forward looking statements. All statements other than statements of historical facts included in this press release may be forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These forward looking statements are based on numerous assumptions regarding CAT's present and future business strategies and the environment in which CAT will operate in the future. Certain factors that could cause CAT's actual results, performance or achievements to differ materially from those in the forward looking statements include: market conditions, CAT's ability to enter into and maintain collaborative arrangements, success of product candidates in clinical trials, regulatory developments and competition. SOURCE Cambridge Antibody Technology |
Oxford GlycoSciences Plc ('OGS') Update on Merger Discussions |
SUNDAY, MARCH 23, 2003 2:11 PM - PR Newswire OXFORD, England, Mar 23, 2003 /PRNewswire-FirstCall via COMTEX/ -- Further to the announcement by the OGS (Nasdaq: OGSI; LSE: OGS) Board on 14 March 2003 and recent press coverage regarding the Celltech offer to OGS shareholders, the OGS Board* is releasing this statement to clarify the current position regarding further discussions with Cambridge Antibody Technology Group plc ("CAT") and other potentially interested third parties. * OGS is continuing discussions with CAT with regard to a potential revised proposal. * In addition, OGS is continuing discussions with other potentially interested third parties.The OGS Board is committed to maximising value for OGS shareholders and continues to advise OGS shareholders to take no action in relation to the Celltech offer. Commenting, David Ebsworth PhD, CEO of OGS, said, "There is still all to play for. We remain in active discussions with CAT with a view to obtaining a material improvement in the value of their offer. In addition, we continue to seek further offers from other potentially interested parties. With respect to recent press coverage, the proposed scheme of arrangement with CAT would not be prevented by a possible 10% holding by any party provided 75% of votes cast are in favour of the scheme. The OGS Board is fully focussed on maximising the value for our shareholders and therefore, we strongly advise shareholders to take no action at this time." |
Cambridge Antibody Technology Reports the Development of ABthrax(TM) By Human Genome Sciences, Inc. |
WEDNESDAY, MARCH 19, 2003 10:35 AM - PR Newswire CAMBRIDGE, England, Mar 19, 2003 /PRNewswire-FirstCall via COMTEX/ -- Cambridge Antibody Technology (LSE: CAT; Nasdaq: CATG) today acknowledges the announcement by Human Genome Sciences, Inc. (HGSI) that it has discovered and developed a human monoclonal antibody drug, ABthrax(TM), that is effective in protecting against anthrax in multiple experimental models. HGSI plans to file an Investigational New Drug application in the near future, seeking clearance from the Food and Drug Administration (FDA) to begin clinical trials in the US to evaluate the safety, tolerability and pharmacology of ABthrax in healthy adults. CAT confirms that the ABthrax antibody was isolated and developed by HGSI from libraries it has licensed to HGSI. Peter Chambre, CAT's Chief Executive Officer, comments "We are delighted with the success that HGSI is having in working with the libraries we licensed to them. ABthrax is the fourth human monoclonal antibody to come from CAT's collaboration with HGSI and we continue to be pleased with the productivity of this relationship." CAT has already received a licence fee for the antibody and is entitled to receive clinical development milestones and royalties on product sales from HGSI. The full text of the HGSI announcement is available on the HGSI website, www.hgsi.com . |
Oxford GlycoSciences plc ('OGS' or the 'Company') Advice to Shareholders |
FRIDAY, MARCH 14, 2003 2:42 AM - PR Newswire OXFORD, England, Mar 14, 2003 /PRNewswire-FirstCall via COMTEX/ -- The OGS Board* is today posting a circular to OGS Shareholders setting out its advice in relation to the offers from Cambridge Antibody Technology Group plc ("CAT") and Celltech Group plc ("Celltech"). The OGS Board continues to believe that a merger with CAT represents the best alternative for OGS Shareholders, enabling them to benefit from continued participation in the future of the combined businesses. However, given the current difference in value of the CAT Merger relative to the Celltech Offer, the OGS Board, which has been so advised by Goldman Sachs, has withdrawn its recommendation of the CAT Merger. The OGS Board intends to pursue further discussions with CAT regarding a potential revised proposal and also to seek or consider offers from other potentially interested parties. The OGS Board, which has been so advised by Goldman Sachs, does not recommend the Celltech Offer, as it believes, as a cash offer, it does not reflect fully the value of the business and cash of OGS. The OGS Board is advising OGS Shareholders to take no action in respect of the Celltech Offer |
Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
10 | Gibt's Meinungen zu Cambridge Antibody ? | first-henri | Eskimato | 21.12.04 05:13 | ||
2 | ambri | jarif100 | zacc | 17.03.04 15:14 | ||
4 | ambri | jarif100 | taisir | 17.03.04 12:12 | ||
4 | Super Gewinn steht bevor!!! | superperformer | Bullpark | 23.02.04 16:14 | ||
2 | AMBRI vor der Explosion!!! | superperformer | Thomastradamus | 23.02.04 15:27 |