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  September 5, 2001
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Home > Company Index > Drugs > Biotechnology-Research > Applied Molecular Evolution, Inc.

Applied Molecular Evolution, Inc.
Nasdaq: AMEV
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 PROFILE
Natural selection doesn't happen fast enough for Applied Molecular Evolution (AME). The development-stage biotechnology firm uses its AMEsystem technology to improve genes and proteins for medical uses. Employing what AME calls directed evolution, the company adjusts a protein's amino acids one at a time until the protein acquires the desired therapuetic characteristics. AME's biopharmaceuticals have increased the potency of MedImmune's anti-tumor drug Vitaxin (which AME initially developed). Bristol-Myers Squibb's AME-improved anti-tumor drug, BR96, has been licensed to Seattle Genetics for further development. Founder, president, and CEO William Huse (also a founder of Delphi Ventures) owns about 15% of AME.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2.70
1-Yr. Sales Growth: 3.8%
Employees: 47
Revenue per employee: $57,446.81

 KEY PEOPLE
• William D. Huse
    CEO
• Lawrence E. Bloch
    CFO

 CONTACT INFO
3520 Dunhill St.
San Diego, CA 92121
US
Phone: 858-597-4990
Fax: 858-597-4950
Online: Web Site

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