Hyseq and Cyanamid Forge Gene Agreement - Brief Article

Applied Genetics News,  Jan, 2000  

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American Cyanamid Co., a subsidiary of American Home Products Corp. (Five Giralda Farms, Madison, NJ 07940; Tel: 973/660-5000, Fax: 973/660-5771; Website: ahp.com), and Hyseq, Inc. (670 Almanor Ave., Sunnyvale, CA 94086; Tel: 408/524- 8100; Website: hyseq.com) have entered into a multi-year agreement to discover genes and develop gene products. The collaboration involves Hyseq's high throughput genomics and bioinformatics technologies. Hyseq will collaborate exclusively with American Cyanamid in the agricultural field to use its proprietary technology to develop products for use in crop protection, crop production, nutraceuticals, human and animal foodstuffs, industrial products, and chemical intermediates, as well as plant-based production of pharmaceuticals.

Under the terms the agreement, Hyseq will receive $60 million in revenues over a 3.5-year period and future royalty payments for products originating from the collaboration. Both companies retain the nonexclusive right to use the results and technologies developed in the collaboration for applications outside of agriculture; both will receive royalty payments for products originating from the collaboration.

"Hyseq has used its proprietary technology to sift through over 12 million samples for internal use and over 6 million for our partners - to functionally target manageable numbers of pharmaceutical product candidates," says Lewis S. Gruber, Hyseq's president and CEO. "We believe this collaboration will provide the largest amount of information ever available on genes with agricultural significance."

"Cyanamid is working to identify genes that can play an important role in enhancing the value of crops. This agreement with Hyseq allows us to accelerate our efforts," says Howard Minigh, president of Cyanamid Global Agricultural Products.

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