| In
July 2000, Abgenix entered into a joint
development and commercialization agreement with
Immunex. Immunex was acquired by Amgen in 2002.
Amgen/Immunex paid Abgenix a license fee and
will pay certain milestone fees. Amgen/Immunex and
Abgenix will share responsibilities for phase II
trials while Immunex will be responsible for phase
III trials. Both Amgen/Immunex and Abgenix will
have co-markeitng rights. Amgen/Immunex have been
successful at designing and conducting phase III
clinical trials. This co-development agreement
decreases the risk that ABX-EGF's approval will be
denied or delayed due to poorly designed or
executed clinical trials. |