Article: Texas Bio Dissolves ICOS Venture, Regains Full Rights To Sitaxsentan.

Staff Writer

It seems Texas Biotechnology Corp. is sticking to its guns.

Just two months after reporting plans to reacquire full ownership rights to a late-stage cardiovascular drug developed in a limited partnership, the Houston-based company has decided to acquire all assets of the joint venture. (See BioWorld Today, Feb. 3, 2003.)

Texas Biotechnology will pay $10 million to ICOS Corp. in return for the latter's 50 percent interest in ICOS-Texas Biotechnology LP, effectively returning to the former full ownership rights to the endothelin receptor antagonist program. Sitaxsentan, a Phase III compound designed to treat pulmonary arterial ...

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