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  September 5, 2001
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Home > Company Index > Drugs > Biotechnology-Medicine > Cadus Pharmaceutical Corporation

Cadus Pharmaceutical Corporation
OTC: KDUS
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 PROFILE
Cadus Pharmaceutical hopes to make some dough from yeast. The firm developed drug discovery technologies based on the use of genetically engineered yeast cells. Its researchers developed methods for injecting human gene codes into yeast cells, then using these hybrid yeast cells to screen synthetic compounds, combinatorial chemicals, and other products, searching for possible therapies for gene-based diseases. Cadus licensed its drug-discovery technologies to OSI Pharmaceuticals and plans to use revenues to buy new drugs or technology or invest in other companies. Investor Carl Icahn, a director and former chairman of the company, owns more than 25% of Cadus.

 COMPETITION
American Home Products Corporation (AHP)
Genome Therapeutics Corp. (GENE)
GlaxoSmithKline plc (GSK)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1.00
1-Yr. Sales Growth: (83.8)%

 KEY PEOPLE
• Russell D. Glass
    CEO

 CONTACT INFO
767 5th Ave., 47th Fl.
New York, NY 10153
US
Phone: 212-702-4315
Fax: 212-750-5828
Online: Web Site

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