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NEOSE AND ABBOTT LABS EXPAND COLLABORATION

PHILADELPHIA, April 6 /PRNewswire/ -- Neose Pharmaceuticals, Inc., announced today that it has signed a new agreement with Abbott Laboratories (NYSE: ABT), a diversified healthcare company based in Chicago, Illinois, that significantly expands the scope of the original 1992 agreement between the two companies. Under the terms of the new agreement, Neose will transfer to Abbott manufacturing rights to a specific, limited class of complex carbohydrates. These manufacturing rights will enable Abbott to utilize Neose's pioneering process patents to produce certain complex carbohydrates in commercial quantities.

Although the financial terms of the new agreement were not ...

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