Lower today on RNS25 May 2007 16:30
RNS just out may explain the continued fall.
EIRX THERAPEUTICS PLC
("EiRx" or "the Company")
Regains rights to apoptosis targets from OSI Pharmaceuticals
Cork, Ireland - EiRx Therapeutics plc (AIM: ERX), the drug discovery company developing targeted therapies for cancer, announces the termination of its apoptosis target licensing agreement with OSI Pharmaceuticals, Inc. ("OSI"). As first announced in May 2004, EiRx and OSI entered into a license agreement under which EiRx granted rights to four kinase targets identified in the course of EiRx's research into the cellular regulatory mechanisms governing apoptosis.
OSI has informed EiRx that, as a result of the evolving focus of OSI's internal research and development programme, it has decided to discontinue the license agreement. As a gesture of good will and in recognition of the potential importance of the Company's targets to the apoptosis therapeutics field, OSI has
elected to return to EiRx without encumbrance all apoptosis target rights acquired in the 2004 license.
continues.