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Beyond ImClone; Cutting-edge NY companies gun for cancer.(News)
Crain's New York Business, November, 2002 by Messina, Judith
Byline: judith messina Garo Armen has a Ph.D. in physical chemistry, but he had spent much of his working life on Wall Street. Then, in 1993, when he was running his own money management firm and brokering biotech deals, he met a scientist from The Mount Sinai School of Medicine. The scientist had come up with a way to manipulate the human immune system to fight off cancer.
Mr. Armen found its potential so compelling that he agreed to co-found a company to develop the technology. ``Starting a (biotech) company was the last thing in my mind,'' says Mr. Armen, now chairman and chief executive of Manhattan-based Antigenics Inc. ``The company is in existence because of our conviction that the technology has the capacity to cure cancer and other diseases.''...
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