Bristol Myers Squibb recently purchased 90% of the shares of a company called Medarex. What does Medarex do? Well, they make it easy for pharmaceutical companies to develop drugs from mice for use in humans. Why should you care? Well, it just so happens that many of the blockbuster drugs manafactured by Novartis, Amgen and BMS are manafactured by "humanizing" antibody-excreting mouse cell lines, and if Mederex's method of doing this, dubbed UltiMab, proves effecient enough, it could speed up the development time for BMS drugs, giving them a head up on the competition. Why else should you care? Well, It should also be noted that pharmaceuticals derived from cell lines are the exact same drugs being targeted by the 12 year "generic ban" being talked about in the Senate nowadays (and that weve talked about in previous articles), so any new drugs developed from cell lines will be exclusive to the company that develops it for a long time, meaning big money for the pharmaceutical companies. BMS stock is only $20 a share, now might be a good time to buy...[Article Link] [UltiMab Link]
Tuesday, July 28, 2009
BMS Future rests...on Mice?
Bristol Myers Squibb recently purchased 90% of the shares of a company called Medarex. What does Medarex do? Well, they make it easy for pharmaceutical companies to develop drugs from mice for use in humans. Why should you care? Well, it just so happens that many of the blockbuster drugs manafactured by Novartis, Amgen and BMS are manafactured by "humanizing" antibody-excreting mouse cell lines, and if Mederex's method of doing this, dubbed UltiMab, proves effecient enough, it could speed up the development time for BMS drugs, giving them a head up on the competition. Why else should you care? Well, It should also be noted that pharmaceuticals derived from cell lines are the exact same drugs being targeted by the 12 year "generic ban" being talked about in the Senate nowadays (and that weve talked about in previous articles), so any new drugs developed from cell lines will be exclusive to the company that develops it for a long time, meaning big money for the pharmaceutical companies. BMS stock is only $20 a share, now might be a good time to buy...[Article Link] [UltiMab Link]
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OK, I bit the bullet, put my money where my mouth is, and bought some shares of Bristol Myers Squibb @ ~21.50 a share. Wish me luck!
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