BioCentury on BioBusiness,
AutoImmune's salvage operation
Monday, March 27, 2000
After its Myloral and Colloral oral tolerance products failed to show
statistically significant benefits to treat multiple sclerosis and rheumatoid arthritis,
Autoimmune Inc. was forced to shut down operations. Nevertheless, the company is working
to provide some returns to its investors, holding on to rights to products in clinical
trials funded by others and raising cash by licensing its intellectual property.
Last week AIMM (Lexington, Mass.) licensed patent applications
relating to the treatment of Alzheimer's disease (AD) to Elan Corp. plc for
up to $7 million over three years (see B3).
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