Hybritech Alumni Launched the World's 3rd Largest Biotech Cluster By
Developing more than 175 Local Companies
SAN DIEGO, Sept. 9 /PRNewswire/ -- The Hybritech Reunion Committee today announced the 30th Anniversary Reunion for Hybritech employees will take place on Saturday, September 13th, 2008 at the headquarters of AMN Healthcare in San Diego.
In September 1978 Hybritech, San Diego's "Granddaddy" biotech company, began operations in temporary trailers located in the parking lot of the La Jolla Cancer Research Foundation (now the renowned Burnham Institute). The company quickly produced the world's first commercially manufactured monoclonal antibody product, and soon thereafter, a series of diagnostic kits for allergy, pregnancy, anemia and certain forms of cancer. The company was also instrumental in the earliest investigations of in vivo and therapeutic applications of monoclonal antibodies for the diagnosis and treatment of cancer.
By 1985, Hybritech had developed its "Prostate Specific Antigen (PSA)" product, the first monoclonal antibody test for prostate cancer. The blood test soon became the standard method for physicians to diagnose and monitor prostate cancer patients, the second biggest cancer killer among American men.
In 1986, the pharmaceutical company, Eli Lilly paid $450 million in cash and warrants to buy Hybritech -- at that point the largest M&A in San Diego history. The company's early success -- and the visibility it created among its founders and employees -- spurred other academic scientists and entrepreneurs to form dozens of additional life sciences companies in San Diego.
Hybritech's original founders and employees have gone on to found more than 175 of the several hundred life science companies now located in San Diego county -- and comprising the San Diego life sciences "technology cluster".
"This event is a milestone celebration of all the tremendous things
that came fr
|SOURCE Hybritech Reunion Committee|
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