After a substantial investment by Ichan Enterprises, Cadus Corporation now focuses on real estate acquisition, renovation, and construction activities in Florida. Previously, Cadus Corporation, doing bsuiness as Cadus Pharmaceutical Corporation, the sought to license, through its subsidiary, Cadus Technologies, Inc., drug discovery technologies. The Company had devoted substantially all of its resources to the development and application of novel yeast-based and other drug discovery technologies until July 30, 1999. In December 2001, Cadus formed a wholly owned subsidiary, Cadus Technologies, Inc., and transferred all of its patents, patent applications, know-how, licenses and drug-discovery technologies to the subsidiary. Given limited business impact, decision was made entirely to refocus business endeavors.
