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Genetic Systems technology purchase

Executive Summary

Firm purchased from Cutter all rights to its Phase/research program for the production of therapeutic human monocional antibodies for hospital-acquired infections from gram negative bacteria. Two firms had previously agreed to undertake the research in October 1983. Under a separate agreement with the Cutter Group, Genetic Systems is developing human monoclonal antibodies to pseudomonas bacteria. Antibodies have bean transferred to Cutter for scale-up and clinical trials. Genetic Systems said it will receive a royalty on all saies of products for pseudomonas infections.

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