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In Brief: Lynx Therapeutics

Executive Summary

Lynx Therapeutics: Glaxo Wellcome is terminating 1994 licensing agreement between Hayward, Calif.-based Lynx and the Wellcome Foundation that covers the development and marketing of Lynx' antisense drug candidate for the prevention of restenosis following coronary angioplasty or balloon dilation. Lynx reports Jan. 11 that the termination is effective March 17. Glaxo Wellcome says the phosphorothioate oligonucleotide is "no longer a good fit" with its pipeline. Lynx is studying the compound in a Phase I trial in Argentina, accruing 60 patients...
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PS027486

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