fbpx
Wikipedia

Cetus Corporation

Cetus Corporation was one of the first biotechnology companies.[1] It was established in Berkeley, California, in 1971, but conducted most of its operations in nearby Emeryville. Before merging with Chiron Corporation in 1991 (now a part of Novartis), it developed several significant pharmaceutical drugs as well as a revolutionary DNA amplification technique.

Cetus Corporation
TypePublic
Nasdaq: CTUS
IndustryBiotechnology
Founded1971
Defunct1991
HeadquartersEmeryville, California
ProductsBetaseron, Proleukin, PCR

History edit

Cetus was founded in 1971 by Ronald E. Cape, Peter Farley, and Nobelist Donald A. Glaser. Its early efforts involved automated methods to select for industrial microorganisms that could produce greater amounts of chemical feedstocks, antibiotics, or vaccine components. By the late 1970s, however, three new revolutionary techniques had been developed: recombinant DNA, monoclonal antibodies, and gene expression, the foundations of the biotechnology industry. In order to enter these new fields, Cetus raised $108 million in an initial public offering (IPO) in 1981, the largest IPO to that date.

Its first large development project, in conjunction with Triton Biosciences, was the successful cloning, expression, modification, and production of beta-interferon. Unfortunately, the resultant protein did not live up to its expectations as a broad-spectrum anti-cancer drug, and only much later was it approved for use to treat symptoms of multiple sclerosis.[2] The product is now sold under the name Betaseron.

The company's flagship product was Interleukin-2 (IL-2), an important modifier of the immune system. In the early 1980s, an intense competition to clone the gene for IL-2 was underway among Cetus, Genentech, Immunex, and the Japanese researcher, Tadatsugu Taniguchi, and in 1982 Taniguchi was the first to succeed.[3]: 76  By 1983 Cetus created a proprietary recombinant version of IL2 and collaborated with Steven Rosenberg to begin clinical trials.[3]: 76–77  The drug showed promising effects in treating renal cancer, but also had significant side effects on patients. In 1990 the U.S. Food and Drug Administration (FDA) refused to approve the drug for clinical use, asking for additional information.[4] It wasn't until two years later, after Cetus had been sold, that IL-2 was approved. It is now distributed under the name Proleukin.

The company also had a broad effort to research and develop techniques for DNA diagnostics. Collaborations were made with Perkin-Elmer for diagnostic instruments, and with Kodak for commercial diagnostic kits. It was here that the technique of polymerase chain reaction (PCR) DNA amplification was conceived by Kary Mullis. The technique has been widely used in DNA research, forensics, and genetic disease diagnostics. Its inventor received the Nobel Prize in 1993, the only one awarded for research performed at a biotechnology company.

The delay in FDA approval for IL-2 created a major funding crisis at Cetus, which had been spending a considerable fraction of its investments to produce and test the drug.[5][6] The company's CEO resigned six weeks later, and patent rights to the PCR process were sold to Hoffman-La Roche. Losses continued, and in 1991 the company was sold to Chiron Corporation.[7] Chiron continued the development of IL-2, which was finally approved by the FDA in 1992. Chiron also collected the scattered rights for the production of beta-interferon, which was approved for clinical use in 1993.

References edit

  1. ^ "First-Hand:Starting Up Cetus, the First Biotechnology Company - 1973 to 1982 - Engineering and Technology History Wiki". ethw.org. Retrieved 2020-08-04.
  2. ^ FDA Approves a Multiple Sclerosis Drug, New York Times, July 24, 1993.
  3. ^ a b Paul Rabinow. Making PCR: A Story of Biotechnology. University of Chicago Press, 1996 ISBN 978-0226701479
  4. ^ Andrew Pollack for the New York Times. Cetus Drug is Blocked by FDA July 31, 1990.
  5. ^ Detailed history of Cetus and the commercial aspects of PCR
  6. ^ Sally Lehrman for The Scientist. January 20, 1992 Cetus: A Collision Course With Failure
  7. ^ Andrew Pollack for the New York Times. July 23, 1991 Two Biotech Pioneers To Merge

Further reading edit

  • Eric J. Vettel, Biotech: The Countercultural Origins of an Industry, University of Pennsylvania Press (2006) ISBN 0-8122-3947-4
  • A. L. Demain, , Tekno Scienze (1 November d2005) (Good historical overview)

External links edit

    • Historical business data for Cetus Corporation:
    • SEC filings

cetus, corporation, first, biotechnology, companies, established, berkeley, california, 1971, conducted, most, operations, nearby, emeryville, before, merging, with, chiron, corporation, 1991, part, novartis, developed, several, significant, pharmaceutical, dr. Cetus Corporation was one of the first biotechnology companies 1 It was established in Berkeley California in 1971 but conducted most of its operations in nearby Emeryville Before merging with Chiron Corporation in 1991 now a part of Novartis it developed several significant pharmaceutical drugs as well as a revolutionary DNA amplification technique Cetus CorporationTypePublicTraded asNasdaq CTUSIndustryBiotechnologyFounded1971Defunct1991HeadquartersEmeryville CaliforniaProductsBetaseron Proleukin PCR Contents 1 History 2 References 3 Further reading 4 External linksHistory editThis article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Cetus Corporation news newspapers books scholar JSTOR August 2020 Learn how and when to remove this template message Cetus was founded in 1971 by Ronald E Cape Peter Farley and Nobelist Donald A Glaser Its early efforts involved automated methods to select for industrial microorganisms that could produce greater amounts of chemical feedstocks antibiotics or vaccine components By the late 1970s however three new revolutionary techniques had been developed recombinant DNA monoclonal antibodies and gene expression the foundations of the biotechnology industry In order to enter these new fields Cetus raised 108 million in an initial public offering IPO in 1981 the largest IPO to that date Its first large development project in conjunction with Triton Biosciences was the successful cloning expression modification and production of beta interferon Unfortunately the resultant protein did not live up to its expectations as a broad spectrum anti cancer drug and only much later was it approved for use to treat symptoms of multiple sclerosis 2 The product is now sold under the name Betaseron The company s flagship product was Interleukin 2 IL 2 an important modifier of the immune system In the early 1980s an intense competition to clone the gene for IL 2 was underway among Cetus Genentech Immunex and the Japanese researcher Tadatsugu Taniguchi and in 1982 Taniguchi was the first to succeed 3 76 By 1983 Cetus created a proprietary recombinant version of IL2 and collaborated with Steven Rosenberg to begin clinical trials 3 76 77 The drug showed promising effects in treating renal cancer but also had significant side effects on patients In 1990 the U S Food and Drug Administration FDA refused to approve the drug for clinical use asking for additional information 4 It wasn t until two years later after Cetus had been sold that IL 2 was approved It is now distributed under the name Proleukin The company also had a broad effort to research and develop techniques for DNA diagnostics Collaborations were made with Perkin Elmer for diagnostic instruments and with Kodak for commercial diagnostic kits It was here that the technique of polymerase chain reaction PCR DNA amplification was conceived by Kary Mullis The technique has been widely used in DNA research forensics and genetic disease diagnostics Its inventor received the Nobel Prize in 1993 the only one awarded for research performed at a biotechnology company The delay in FDA approval for IL 2 created a major funding crisis at Cetus which had been spending a considerable fraction of its investments to produce and test the drug 5 6 The company s CEO resigned six weeks later and patent rights to the PCR process were sold to Hoffman La Roche Losses continued and in 1991 the company was sold to Chiron Corporation 7 Chiron continued the development of IL 2 which was finally approved by the FDA in 1992 Chiron also collected the scattered rights for the production of beta interferon which was approved for clinical use in 1993 References edit First Hand Starting Up Cetus the First Biotechnology Company 1973 to 1982 Engineering and Technology History Wiki ethw org Retrieved 2020 08 04 FDA Approves a Multiple Sclerosis Drug New York Times July 24 1993 a b Paul Rabinow Making PCR A Story of Biotechnology University of Chicago Press 1996 ISBN 978 0226701479 Andrew Pollack for the New York Times Cetus Drug is Blocked by FDA July 31 1990 Detailed history of Cetus and the commercial aspects of PCR Sally Lehrman for The Scientist January 20 1992 Cetus A Collision Course With Failure Andrew Pollack for the New York Times July 23 1991 Two Biotech Pioneers To MergeFurther reading editEric J Vettel Biotech The Countercultural Origins of an Industry University of Pennsylvania Press 2006 ISBN 0 8122 3947 4 A L Demain The Biopharmaceutical Revolution Tekno Scienze 1 November d2005 Good historical overview External links editHistorical business data for Cetus Corporation SEC filings Retrieved from https en wikipedia org w index php title Cetus Corporation amp oldid 1136310221, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.