A Charlotte businessman will make a donation Thursday to launch a new campaign at the N.C. Research Campus in Kannapolis to battle multiple sclerosis. Herman Stone’s donation will support multiple sclerosis research efforts at the 350-acre life sciences hub. The campaign will fund current and future research at the campus, much of which will be completed at the state-of-the-art David H. Murdock Core Laboratory. Simon Gregory, a Duke assistant professor at the Center for Human Genetics in university’s Department of Medicine, will lead a team of researchers at the campus. Gregory looks to identify the factors behind the development of MS. His research has identified a genetic association that could predict susceptibility to the disease. | A contract dispute that could have put Biogen Idec’s multiple sclerosis drug Tysabri under control of pharmaceutical company Johnson & Johnson has come to a resolution, with Johnson & Johnson no longer able to lay claim to the drug. Dublin, Ireland-based Elan (NYSE: ELN), which is in a 50-50 partnership with Biogen Idec for Tysabri, announced late Monday that Johnson & Johnson (NYSE: JNJ) will purchase an 18.4 percent stake in Elan for $884 million. That’s $115 million less than what was proposed when the deal was reached in June. Elan said the Johnson & Johnson deal has been amended to eliminate Tysabri from it. Under Elan’s partnership agreement with Biogen Idec (Nasdaq: BIIB), each company has the right to buy the other’s stake in Tysabri if either company is acquired. In August, Biogen and Elan clashed in federal court, with Biogen claiming that Elan’s original deal with Johnson & Johnson was a breach of the 50-50 partnership. |
Tuesday, September 15, 2009
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About Me
- Steve
- North Grafton, Massachusetts, United States
- Well-educated, disabled at this point with Multiple Sclerosis. I am very glad that I was able to do the things that I have been able to do over the years. had to change the picture, this one's more realistic.
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