[Federal Register Volume 62, Number 108 (Thursday, June 5, 1997)]
[Notices]
[Page 30882]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-14702]
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DEPARTMENT OF JUSTICE
Antitrust Division
Notice Pursuant to the National Cooperative Research and
Production Act of 1993; Biotechnology Research and Development
Corporation (``BRDC'')
Notice is hereby given that, on May 9, 1997, pursuant to Section
6(a) of the National Cooperative Research and Production Act of 1993,
15 U.S.C. 4301 et seq. (``the Act''), Biotechnology Research and
Development Corporation (``BRDC'') filed written notifications
simultaneously with the Attorney General and the Federal Trade
Commission disclosing changes in its membership. The notifications were
filed for the purpose of extending the Act's provisions limiting the
recovery of antitrust plaintiffs to actual damages under specified
circumstances. Specifically, GalaGlen Inc. and Hewlett-Packard Company
have withdrawn from the venture effective April 30, 1997 and May 14,
1997 respectively.
On February 24, 1997, BRDC issued to American Home Products
Corporation (``American Home''), and American Home purchased from BRDC,
653-\1/3\ shares of common stock, without par value, of BRDC.
Simultaneously, with the issuance and purchase of the shares of the
common stock, BRDC and American Home entered into an Agreement to be
Bound by BRDC Master Agreement whereby American Home agreed to be bound
by the terms and conditions of the BRDC Master Agreement effective as
of June 10, 1988, by and among BRDC and its common stockholders.
American Home has the rights set forth in the BRDC Master Agreement in
all project technology made, discovered, conceived, developed, learned,
or acquired by or on behalf of BRDC in connection with, or arising out
of, or as the result of, a research project in existence while American
Home is a common stockholder of BRDC.
No other changes have been made in either the membership or planned
activity of the group research project. Membership in this group
research project remains open, and BRDC intends to file additional
written notification disclosing all changes in membership.
On April 12, 1988, BRDC filed its original notification pursuant to
Section 6(a) of the Act. The Department of Justice published a notice
in the Federal Register pursuant to Section 6(b) of the Act on May 12,
1988, 53 FR 16919. The last notification was filed December 6, 1996.
Constance K. Robinson,
Director of Operations, Antitrust Division.
[FR Doc. 97-14702 Filed 6-4-97; 8:45 am]
BILLING CODE 4410-11-M
