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Article: Australian Agency Recommends Approval of First Biotech Product for Orthopaedic Medicine; Curis Comments On Report From Licensee.
- Article from:
- Business Wire
- Article date:
- February 16, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business/Science Editors
BIOWIRE2K
CAMBRIDGE, Mass.--(BW HealthWire)--Feb. 16, 2001
Curis, Inc. (NASDAQ:CRIS) today commented on an announcement from Stryker Corporation (NYSE:SYK) regarding the positive opinion of the Australian Drug Evaluation Committee (ADEC) to recommend the granting of marketing authorization for OP-1 Implant (Osteogenic Protein 1) in Australia. OP-1, under license by Curis to Stryker Corporation for orthopaedic and periodontal indications in exchange for royalty payments as a percentage of sales, is the first biotechnology product recommended for use specifically in the field of orthopaedic medicine.
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