latest news releases from the newsroom
Skanska Receives USD 142 M, SEK 1 Billion Order in Boston
STOCKHOLM, Sweden, Dec. 8, 2005 (PRIMEZONE) -- Skanska will serve as the general contractor for building services in the construction of the hotel and residential complex at the historic Battery Wharf harbor area in Boston, Massachusetts, in the U.S. The contract amounts to USD 142 M, SEK 1,052 M. The order value is included in fourth-quarter order bookings. The customer is the Development Management Corporation, the project developer.
MorphoSys Announces Extension of Antibody Collaboration with Bayer
MARTINSRIED, Germany, Dec. 8, 2005 (PRIMEZONE) -- MorphoSys AG (Frankfurt:MOR) (Prime Standard Segment, TecDAX) announced today the extension of its collaboration with Bayer Pharmaceuticals Corporation. The collaboration is extended by five years, with a termination option after the first collaboration year. Under the terms of the extended agreement, MorphoSys grants Bayer access to its proprietary HuCAL GOLD(r) antibody library for use in Bayer's drug discovery programs at its research site in West Haven, CT, U.S.A. Additionally, the two parties undertake to commence up to 25 new therapeutic antibody programs should the collaboration run its full course. Under the terms of the agreement, a minimum of three new antibody development programs will be started in 2006. As consideration, MorphoSys will receive annual user fees and committed R&D funding during the duration of the agreement. Additionally, MorphoSys stands to receive license and milestone payments for each therapeutic antibody project as well as royalties on any end-products emerging from the collaboration. Further financial details were not disclosed.
MorphoSys Raises Revenue and Earnings Estimates for 2005
MARTINSRIED, Germany, Dec. 8, 2005 (PRIMEZONE) -- MorphoSys AG (Frankfurt:MOR) (Prime Standard Segment, TecDAX) today announced an updated guidance for the financial year 2005. Revenue guidance for 2005 was increased from EUR 30 million to EUR 31.5 million and net income guidance was raised from EUR 2.0 million to EUR 3.5 million. Expense guidance for the full year remained unchanged at EUR 28 million. This guidance represents the Company's year-end financial expectations which incorporate today's announced extension of the collaboration with Bayer.
Katrina Dog Rescue
Katrina Rescue Lends a Paw to Help Children With Disabilities
SANTA CLARITA, Calif., Dec. 7, 2005 (PRIMEZONE) -- This Sunday, December 11th, New Leash On Life and Rescue For Ruffugees bring together a coalition of Southern California animal rescues for Hurricane Katrina Super Adoption. The two dozen animal rescues appearing at this event collectively took on the challenge of caring for 265 animals rescued from Hurricane Katrina. Half of these animals were recovered by the New Leash On Life Emergency Response Team. Volunteers struggled for over two months to reunite lost pets and owners, averaging one reunion per day.
Revolution by Elephant; New Book Explores Vietnam's Early History and Leaders
AUSTIN, Texas, Dec. 7, 2005 (PRIMEZONE) -- To people around the world, Vietnam is best remembered as a country filled with numerous conflicts highlighted by the Vietnam War. What is not known is Vietnam's 19th century history which tells exactly how the nation was born. In his quest to tell Vietnam's history in deep detail and explain his historically based belief that revolting was easier than governing, author Thomas J. Barnes presents his views in his fascinating book Vietnam When the Tanks Were Elephants.