OSI PHARMACEUTICALS GRANTS LICENSE UNDER DIPEPTIDYL PEPTIDASE IV (DPIV) PATENTS

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OSI Pharmaceuticals, Inc. announced today that its UK subsidiary focused on the discovery and development of diabetes and obesity therapeutics has granted a worldwide non-exclusive license under its DPIV patent portfolio to a major British pharmaceutical company. The portfolio covers the use of DPIV inhibitors for the treatment of type 2 diabetes and related indications. OSI will receive upfront, milestone and royalty payments. Additional financial terms were not disclosed.

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