Full Year Report 2001, Quarterly Report October-December 2001
FULL YEAR REPORT 2001 QUARTERLY REPORT OCTOBER-DECEMBER 2001 · American Home Products became strategic partner for atherosclerosis. The agreement may bring Karo Bio MUSD 100 in revenues excluding royalty. Down payment received. · Milestone payment from Karo Bio's partner Bristol-Myers Squibb earned after initiation of phase I clinical trials on jointly discovered compound for treatment of obesity. · New technology for lead compound characterization and selection inlicensed from Duke University, North Carolina. · Karo Bio received US patent for the Liver X receptor beta, the target for the