<PAGE>

                                                                   Exhibit 10.57

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE
SOLD OR OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL (WHICH MAY BE
COUNSEL FOR THE COMPANY) REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH
REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT.

                                      No.

                          STOCK SUBSCRIPTION WARRANT

                          To Purchase Common Stock of

                        ONTOGENY, INC. (the "Company")

                  DATE OF INITIAL ISSUANCE:  November 21, 1997

          THIS CERTIFIES THAT for value received, MM VENTURES or its registered
assigns (hereinafter called the "Holder") is entitled to purchase from the
Company, at any time during the Term of this Warrant, One Thousand Three Hundred
Fifty (1,350) shares of common stock, $.01 par value, of the Company (the
"Common Stock"), at the Warrant Price, payable as provided herein.  The exercise
of this Warrant shall be subject to the provisions, limitations and restrictions
herein contained, and may be exercised in whole or in part.

SECTION 1.    Definitions.
              -----------

          For all purposes of this Warrant, the following terms shall have the
meanings indicated:

          Common Stock - shall mean and include the Company's authorized Common
          ------------
Stock, $.01 par value, as constituted at the date hereof.

          Exchange Act - shall mean the Securities Exchange Act of 1934, as
          ------------
amended from time to time.

          Securities Act - the Securities Act of 1933, as amended.
          --------------

          Term of this Warrant - shall mean the period beginning on the date of
          --------------------
initial issuance hereof and ending on November 21, 2002, subject to the
provisions of Section 2.3 below.

          Warrant Price - $2.50 per share, subject to adjustment in accordance
          -------------
with Section 5 hereof.

          Warrants - this Warrant and any other Warrant or Warrants issued in
          --------
connection with a Commitment Letter dated September 16, 1997 executed by the
Company and Transamerica Business Credit Corporation (the "Commitment Letter")
to the original holder of this Warrant, or any transferees from such original
holder or this Holder.
<PAGE>

        Warrant Shares - shares of Common Stock purchased or purchasable by
        --------------
the Holder of this Warrant upon the exercise hereof.

SECTION 2.    Exercise of Warrant.
              -------------------

        2.1.  Procedure for Exercise of Warrant.  This Warrant may be
              ---------------------------------
exercised in whole or in part by the Holder at any time, or from time to time,
prior to the expiration of the Term.  To exercise this Warrant in whole or in
part (but not as to any fractional share of Common Stock), the Holder shall
deliver to the Company at its office referred to in Section 13 hereof at any
time and from time to time during the Term of this Warrant: (i) the Notice of
Exercise in the form attached hereto, (ii) cash, certified or official bank
chock payable to the order of the Company or wire transfer of funds to the
Company's account (or any combination of any of the foregoing) in the amount of
the Warrant Price for each share being purchased, and (iii) this Warrant.
Notwithstanding any provisions herein to the contrary, if the Current Market
Price (as defined in Section 5) is greater than the Warrant Price (at the date
of exercise, as set forth below), in lieu of exercising this Warrant as
hereinabove permitted, the Holder may elect to receive shares of Common Stock
equal to the value (as determined below) of this Warrant (or the portion thereof
being canceled) by surrender of this Warrant at the office of the Company
referred to in Section 13 hereof, together with the Notice of Exercise, in which
event the Company shall issue to the Holder that number of shares of Common
Stock computed using the following formula:

                              CS = WCS x (CMP-WP)
                                   --------------
                                      CMP

Where

        CS   equals the number of shares of Common Stock to be issued to the
             Holder

        WCS  equals the number of shares of Common Stock purchasable under the
             Warrant or, if only a portion of the Warrant is being exercised,
             the portion of the Warrant being exercised (at the date of
             exercise)

        CMP  equals the Current Market Price (at the date of exercise)

        WP   equals the Warrant Price (as adjusted to the date of exercise)

In the event of any exercise of the rights represented by this Warrant, a
certificate or certificates for the shares of Common Stock so purchased,
registered in the name of the Holder or such other name or names as may be
designated by the Holder, shall be delivered to the Holder hereof within a
reasonable time, not exceeding fifteen (15) days, after the rights represented
by this Warrant shall have been so exercised; and, unless this Warrant has
expired, a new Warrant representing the number of shares (except a remaining
fractional share), if any, with respect to which this Warrant shall not then
have been exercised shall also be issued to the Holder hereof within such time.
The person in whose name any certificate for shares of Common Stock is issued
upon exercise of this Warrant shall for all purposes be deemed to have become
the holder of record of such shares on the date on which the Notice of Exercise
and Warrant is delivered to the Company and payment of the Warrant Price and any
applicable taxes is made, irrespective of the date of delivery of such
certificate, except that, if the date of such surrender and payment is a

                                       2
<PAGE>

date when the stock transfer books of the Company are closed, such person shall
be deemed to have become the holder of such shares at the close of business on
the next succeeding date on which the stock transfer books are open.

     2.2. Transfer Restriction Legend.  Each certificate for Warrant Shares
          ---------------------------
shall bear the following legend (and any additional legend required by (i) any
applicable state securities laws and (ii) any securities exchange upon which
such Warrant Shares may, at the time of such exercise, be listed) on the face
thereof unless at the time of exercise such Warrant Shares shall be registered
under the Securities Act:

          "The shares represented by this certificate have not been
          registered under the Securities Act of 1933, as amended,
          and may not be offered, sold or otherwise transferred,
          pledged or hypothecated unless and until such shares are
          registered under such Act, or an opinion of counsel
          satisfactory to the Company is obtained to the effect that
          such registration is not required."

Any certificate issued at any time in exchange or substitution for any
certificate bearing such legend (except a new certificate issued upon completion
of a public distribution under a registration statement of the securities
represented thereby) shall also bear such legend unless, in the opinion of
counsel for the holder thereof (which counsel shall be reasonably satisfactory
to counsel for the Company) the securities represented thereby are not, at such
time, required by law to bear such legend.

     2.3.  Acceleration of Term Upon Initial Public Offering.  Notwithstanding
           -------------------------------------------------
any provision to the contrary contained in this Warrant, the Holder's right to
exercise this Warrant shall expire, if not previously exercised, immediately
upon the closing of the issuance and sale of shares of Common Stock in the
Company's first public offering of securities for its own account pursuant to an
effective registration statement under the Securities Act (the "Initial Public
Offering"), provided that the underwriters request that the Holder exercise this
Warrant and provide at least fifteen (15) business days' opportunity to
exercise.

The Company shall notify the Holder if the Initial Public Offering is proposed,
within a reasonable period of time prior to the filing of a registration
statement.  Such notice shall contain such details of the proposed Initial
Public Offering as are reasonable in the circumstances and notice that this
Warrant is expected to expire upon closing thereof (provided such notice is
delivered at least fifteen (15) business days prior thereto).  If such closing
does not take place, the Company shall promptly notify the Holder that such
proposed transaction has been terminated.  Anything to the contrary in this
Warrant notwithstanding, the Holder may rescind any exercise promptly after such
notice of termination of the proposed transaction if the exercise occurred after
the Company notified the Holder that the Initial Public Offering was proposed or
if the exercise were otherwise precipitated by such proposed Initial Public
Offering.  In the event of such rescission, this Warrant will continue to be
exercisable on the same terms and conditions.

SECTION 3. Covenants as to Common Stock.  The Company covenants and agrees
           ----------------------------
that all shares of Common Stock that may be issued upon exercise of the rights
represented by this Warrant will, upon issuance, be validly issued, fully paid
and nonassessable, and free from all

                                       3
<PAGE>

taxes, liens and charges with respect to the issue thereof. The Company further
covenants and agrees that it will pay when due and payable any and all federal
and state taxes (not including taxes on or measured by the net income or capital
gains of the Holder) which may be payable in respect of the issue of this
Warrant or any Common Stock or certificates therefor issuable upon the exercise
of this Warrant. The Company further covenants and agrees that the Company will
at all times have authorized and reserved, free from preemptive rights, a
sufficient number of shares of Common Stock to provide for the exercise of the
rights represented by this Warrant. The Company further covenants and agrees
that if any shares of capital stock to be reserved for the purpose of the
issuance of shares upon the exercise of this Warrant require registration with
or approval of any governmental authority under any federal or state law before
such shares may he validly issued or delivered upon exercise, then the Company
will in good faith and as expeditiously as possible endeavor to secure such
registration or approval, as the case may be. If and so long as the Common Stock
issuable upon the exercise of this Warrant is listed on any national securities
exchange, the Company will, if permitted by the rules of such exchange, list and
keep listed on such exchange, upon official notice of issuance, all shares of
such Common Stock issuable upon exercise of this Warrant.

SECTION 4.  Adjustment of Number of Shares.  Upon each adjustment of the
            ------------------------------
Warrant Price as provided in Section 5, the Holder shall thereafter be entitled
to purchase, at the Warrant Price resulting from such adjustment, the number of
shares (calculated to the nearest tenth of a share) obtained by multiplying the
Warrant Price in effect immediately prior to such adjustment by the number of
shares purchasable pursuant hereto immediately prior to such adjustment and
dividing the product thereof by the Warrant Price resulting from such
adjustment.

SECTION 5.  Adjustment of Warrant Price.  The Warrant Price shall be subject
            ---------------------------
to adjustment from time to time as follows:

     (i)    If, at any time during the Term of this Warrant, the number of
shares of Common Stock outstanding is increased by a stock dividend payable in
shares of Common Stock or by a subdivision or split-up of shares of Common
Stock, then, following the record date fixed for the determination of holders of
Common Stock entitled to receive such stock dividend, subdivision or split-up,
the Warrant Price shall be appropriately decreased so that the number of shares
of Common Stock issuable upon the exercise hereof shall be increased in
proportion to such increase in outstanding shares.

     (ii)   If, at any time during the Term of this Warrant, the number of
shares of Common Stock outstanding is decreased by a combination of the
outstanding shares of Common Stock, then, following the record date for such
combination, the Warrant Price shall appropriately increase so that the number
of shares of Common Stock issuable upon the exercise hereof shall be decreased
in proportion to such decrease in outstanding shares.

     (iii)  All calculations under this Section 5 shall be made to the nearest
cent or to the nearest one tenth (l/10) of a share, as the case may be.

     (iv)   The Current Market Price at any date of one share of Common Stock
shall be deemed to be the average of the daily closing prices for the 15
consecutive business days ending on the third business day before the day in
question (as adjusted for any stock dividend, split,

                                       4
<PAGE>

combination or reclassification that took effect during such 15 business day
period). The closing price for each day shall be the last reported sales price
or, in case no such reported sales took place on such day, the average of the
last reported bid and asked prices, in either case on the principal national
securities exchange on which the Common Stock is listed or admitted to trading
or as reported by Nasdaq (or if the Common Stock is not at the time listed or
admitted for trading on any such exchange or if prices of the Common Stock are
not reported by Nasdaq then such price shall be equal to the average of the last
reported bid and asked prices on such day as reported by The National Quotation
Bureau Incorporated or any similar reputable quotation and reporting service, if
such quotation is not reported by The National Quotation Bureau Incorporated);
provided, however, that if the Common Stock is not traded in such manner that
the quotations referred to in this clause (v) are available for the period
required hereunder, the Current Market Price shall be determined in good faith
by the Board of Directors of the Company or, if such determination cannot be
made, by a nationally recognized independent investment banking firm selected by
the Board of Directors of the Company (or if such selection cannot be made, by a
nationally recognized independent investment banking firm selected by the
American Arbitration Association in accordance with its rules).

     (v)    Whenever the Warrant Price shall be adjusted as provided in Section
5, the Company shall prepare a statement showing the facts requiring such
adjustment and the Warrant Price that shall be in effect after such adjustment.
The Company shall cause a copy of such statement to be sent by mail, first class
postage prepaid, to each Holder of this Warrant at its, his or her address
appearing on the Company's records. Where appropriate, such copy may be given in
advance and may be included as part of the notice required to be mailed under
the provisions of subsection (viii) of this Section 5.

     (vi)   Adjustments made pursuant to clauses (i) and (ii) above shall be
made on the date such dividend, subdivision, split-up, combination or
distribution, as the case may be, is made, and shall become effective at the
opening of business on the business day next following the record date for the
determination of stockholders entitled to such dividend, subdivision, split-up,
combination or distribution.

     (vii)  In the event the Company shall propose to take any action of the
types described in clauses (i) or (ii) of this Section 5, the Company shall
forward, at the same time and in the same manner, to the Holder of this Warrant
such notice, if any, which the Company shall give to the holders of Common Stock
of the Company.

     (viii) In any case in which the provisions of this Section 5 shall require
that an adjustment shall become effective immediately after a record date for an
event, the Company may defer until the occurrence of such event issuing to the
Holder of all or any part of this Warrant which is exercised after such record
date and before the occurrence of such event the additional shares of capital
stock issuable upon such exercise by reason of the adjustment required by such
event over and above the shares of capital stock issuable upon such exercise
before giving effect to such adjustment exercise; provided, however, that the
Company shall deliver to such Holder a due bill or other appropriate instrument
evidencing such Holder's right to receive such additional shares upon the
occurrence of the event requiring such adjustment.

                                       5
<PAGE>

SECTION 6.  Ownership.
            ---------

       6.1. Ownership of This Warrant.  The Company may deem and treat the
            -------------------------
person in whose name this Warrant is registered as the holder and owner hereof
(notwithstanding any notations of ownership or writing hereon made by anyone
other than the Company) for all purposes and shall not be affected by any notice
to the contrary until presentation of this Warrant for registration of transfer
as provided in this Section 6.

       6.2. Transfer and Replacement.  This Warrant and all rights hereunder
            ------------------------
are transferable in whole or in part upon the books of the Company by the Holder
hereof in person or by duly authorized attorney, and a new Warrant or Warrants,
of the same tenor as this Warrant but registered in the name of the transferee
or transferees (and in the name of the Holder, if a partial transfer is
effected) shall be made and delivered by the Company upon surrender of this
Warrant duly endorsed, at the office of the Company referred to in Section 13
hereof. In the event of any purported transfer of this Warrant not in accordance
with the terms hereof, the Company shall not be required (i) to transfer on its
books any of the rights to acquire shares of Common Stock or Common Stock
issuable upon the exercise of such rights, or (ii) to treat as owner of such
rights to acquire shares of Common Stock or Common Stock issuable upon the
exercise of such rights. Upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft or destruction, and, in such case, of
indemnity or security reasonably satisfactory to it, and upon surrender of this
Warrant if mutilated, the Company will make and deliver a new Warrant of like
tenor, in lieu of this Warrant; provided that if the Holder hereof is an
instrumentality of a state or local government or an institutional holder or a
nominee for such an instrumentality or institutional holder an irrevocable
agreement of indemnity by such Holder shall be sufficient for all purposes of
this Section 6, and no evidence of loss or theft or destruction shall be
necessary. This Warrant shall be promptly cancelled by the Company upon the
surrender hereof in connection with any transfer or replacement. Except as
otherwise provided above, in the case of the loss, theft or destruction of a
Warrant, the Company shall pay all expenses, taxes (not including taxes on or
measured by the net income or capital gains of the Holder) and other charges
payable in connection with any transfer or replacement of this Warrant, other
than stock transfer taxes (if any) payable in connection with a transfer of this
Warrant, which shall be payable by the Holder. Notwithstanding anything to the
contrary herein, Holder will not transfer this Warrant and the rights hereunder
except in compliance with federal and state securities laws.

SECTION 7.   Mergers, Consolidation, Sales.  In the case of any proposed
             -----------------------------
consolidation or merger of the Company with another entity, or the proposed sale
of all or substantially all of its assets to another person or entity, or any
proposed reorganization or reclassification of the capital stock of the Company,
then, as a condition of such consolidation, merger, sale, reorganization or
reclassification, lawful and adequate provision shall be made whereby the Holder
of this Warrant shall thereafter have the right to receive upon the basis and
upon the terms and conditions specified herein, in lieu of the shares of the
Common Stock of the Company immediately theretofore purchasable hereunder, such
shares of stock, securities or assets as may (by virtue of such consolidation,
merger, sale, reorganization or reclassification) be issued or payable with
respect to or in exchange for the number of shares of such Common Stock
purchasable hereunder immediately before such consolidation, merger, sale,
reorganization or reclassification.  In any such case appropriate provision
shall be made with respect to the rights and interests of the

                                       6
<PAGE>

Holder of this Warrant to the end that the provisions hereof shall thereafter be
applicable as nearly as may be, in relation to any shares of stock, securities
or assets thereafter deliverable upon the exercise of this Warrant.

SECTION 8.  Notice of Dissolution or Liquidation.  In case of any
            ------------------------------------
distribution of the assets of the Company in dissolution or liquidation (except
under circumstances when the foregoing Section 7 shall be applicable), the
Company shall give notice thereof to the Holder hereof and shall make no
distribution to shareholders until the expiration of twenty (20) days from the
date of mailing of the aforesaid notice and, in any case, the Holder hereof may
exercise this Warrant within twenty (20) days from the date of the giving of
such notice, and all rights herein granted not so exercised within such thirty-
day period shall thereafter become null and void.

SECTION 9.  Notice of Extraordinary Dividends.  If the Board of Directors of
            ---------------------------------
the Company shall declare any dividend or other distribution on its Common Stock
except out of earned surplus or by way of a stock dividend payable in shares of
its Common Stock, the Company shall mail notice thereof to the Holder hereof not
less than twenty (20) days prior to the record date fixed for determining
shareholders entitled to participate in such dividend or other distribution, and
the Holder hereof shall not participate in such dividend or other distribution
unless this Warrant is exercised prior to such record date.  The provisions of
this Section 9 shall not apply to distributions made in connection with
transactions covered by Section 7.

SECTION 10. Fractional Shares.  Fractional shares shall not be issued upon
            -----------------
the exercise of this Warrant but in any case where the Holder would, except for
the provisions of this Section 10, be entitled under the terms hereof to receive
a fractional share upon the complete exercise of this Warrant, the Company
shall, upon the exercise of this Warrant for the largest number of whole shares
then called for, pay a sum in cash equal to the excess of the Current Market
Price over the Warrant Price for such fractional share.

SECTION 11. Special Arrangements of the Company.  The Company covenants and
            -----------------------------------
agrees that during the Term of this Warrant, unless otherwise approved by the
Holder of this Warrant.

     11.1.  Will Reserve Shares.  The Company will reserve and set apart and
            -------------------
have available for issuance at all times, free from preemptive or other
preferential rights, the number of shares of authorized but unissued Common
Stock deliverable upon the exercise of this Warrant.

     11.2.  Will Not Amend Certificate.  The Company will not amend its
            --------------------------
Certificate of Incorporation to eliminate as an authorized class of capital
stock that class denominated as "Common Stock" on the date hereof.

     11.3.  Will Bind Successors.  This Warrant shall be binding upon any
            --------------------
corporation or other person or entity succeeding to the Company by merger,
consolidation or acquisition of all or substantially all of the Company's
assets.

SECTION 12. Representations and Covenants of the Holder.  This Warrant has
            -------------------------------------------
been entered into by the Company in reliance upon the following representations
and covenants of the Holder:

     (a)    Investment Purpose.  The right to acquire Common Stock or the Common
Stock issuable upon exercise of the Holder's rights contained herein will be
acquired for investment

                                       7
<PAGE>

and not with a view to the sale or distribution of any part thereof, and the
Holder has no present intention of selling or engaging in any public
distribution of the same except pursuant to a registration or exemption.

     (b)    Private Issue.  The Holder understands (i) that the Common Stock
issuable upon exercise of this Warrant is not registered under the Securities
Act or qualified under applicable state securities laws on the ground that the
issuance contemplated by this Warrant will be exempt from registration and
qualifications requirements, and (ii) that the Company's reliance on such
exemption is predicated on the representations set forth in this Section 12.

     (c)    Disposition of Holder's Rights.  In no event will the Holder make a
disposition of any of its rights to acquire Common Stock or Common Stock
issuable upon exercise of such rights unless and until (i) it shall have
notified the Company of the proposed disposition, and (ii) if requested by the
Company, it shall have furnished the Company with an opinion of counsel (which
counsel may either be inside or outside counsel to the Warrantholder)
satisfactory to the Company and its counsel to the effect that (a) appropriate
action necessary for compliance with the Securities Act has been taken, or (B)
an exemption from the registration requirements of the Securities Act is
available.  Notwithstanding the foregoing, the restrictions imposed upon the
transferability of any of its rights to acquire Common Stock or Common Stock
issuable on the exercise of such rights do not apply to transfers from the
beneficial owner of any of the aforementioned securities to its nominee or from
such nominee to its beneficial owner, and shall terminate as to any particular
share of Common Stock when (1) such security shall have been effectively
registered under the Securities Act and sold by the holder thereof in accordance
with such registration or (2) such security may be sold without registration in
compliance with Rule 144 under the Securities Act, or (3) a letter shall have
been issued to the Holder at the request by the staff of the Securities and
Exchange Commission or a ruling shall have been issued to the Holder at its
request by such Commission stating that no action shall be recommended by such
staff or taken by such commission, as the case may be, if such security is
transferred without registration under the Securities Act in accordance with the
conditions set forth in such letter or ruling and such letter or ruling
specifies that no subsequent restrictions on transfer are required.  Whenever
the restrictions imposed hereunder shall terminate as hereinabove provided the
Holder or holder of a share of Common Stock then outstanding as to which such
restrictions have terminated shall be entitled to receive from the Company,
without expense to such holder, one or more new certificates for the Warrant or
for such shares of Common Stock not bearing any restrictive legend.

     (d)    Financial Risk.  The Holder has such knowledge and experience in
financial and business matters and in investing in companies similar to the
Company as to be capable of evaluating the merits and risk of its investment,
and has the ability to bear the economic risks of its investment.

     (e)    Authority.  The Holder has full power and authority to enter into
and to perform this Agreement in accordance with its terms. The Holder has not
been organized, reorganized or recapitalized specifically for the purpose of
investing in the Company .

     (f)    Risk of No Registration.  The Holder understands that if the Company
does not register with the Securities and Exchange Commission pursuant to
Section 12 of the Securities

                                       8
<PAGE>

Act, or file reports pursuant to Section 15(d) of the Securities Exchange Act of
1934, or if a registration statement covering the securities under the
Securities Act is not in effect when it desires to sell (i) the rights to
purchase Common Stock pursuant to this Warrant, or (ii) the Common Stock
issuable upon exercise of the right to purchase, it may be required to hold such
securities for an indefinite period. The Holder also understands that any sale
of its rights to purchase Common Stock or Common Stock which may be made by it
in reliance upon Rule 144 under the Securities Act may be made only in
accordance with the terms and conditions of that Rule.

SECTION 13.  Notices.  Any notice or other document required or permitted to
             -------
be given or delivered to the Holder shall be delivered at, or sent by certified
or registered mail to, the Holder at Meier Mitchell & Company, 4 Orinda Way,
Suite 200-B, Orinda, California 94563 or to such other address as shall have
been furnished to the Company in writing by the Holder.  Any notice or other
document required or permitted to be given or delivered to the Company shall be
delivered at, or sent by certified or registered mail to, the Company at 45
Moulton Street, Cambridge, Massachusetts 02138, Attention: Vice President,
Finance with a copy to Hale and Dorr LLP, 60 State Street, Boston, Massachusetts
02109, Attention: Mark G. Borden, Esq. or to such other address as shall have
been furnished in writing to the Holder by the Company.  Any notice so addressed
and mailed by registered or certified mail shall be deemed to be given when so
mailed.  Any notice so addressed and otherwise delivered shall be deemed to be
given when actually received by the addressee.

SECTION 14.  No Rights as Stockholder; Limitation of Liability.  This Warrant
             -------------------------------------------------
shall not entitle the Holder to any of the rights of a shareholder of the
Company except upon exercise in accordance with the terms hereof.  No provision
hereof, in the absence of affirmative action by the Holder to purchase shares of
Common Stock, and no mere enumeration herein of the rights or privileges of the
Holder, shall give rise to any liability of the Holder for the Warrant Price
hereunder or as a shareholder of the Company, whether such liability is asserted
by the Company or by creditors of the Company.

SECTION 15.  Law Governing.  THE VALIDITY, INTERPRETATION, AND ENFORCEMENT OF
             -------------
THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE, LAWS OF
THE STATE OF ILLINOIS WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES
THEREOF.

SECTION 16.  Miscellaneous.  This Warrant and any provision hereof may be
             -------------
changed, waived, discharged or terminated only by an instrument in writing
signed by the Company and the Holder (or any respective successor in interest
thereof).  The headings in this Warrant are for purposes of reference only and
shall not affect the meaning or construction of any of the provisions hereof.

     IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its
duly authorized officer this __day of November, 1997.

[CORPORATE SEAL]                           ONTOGENY, INC.

                                           By:__________________________________


                                       9
<PAGE>

                                           Title:_______________________________


MM VENTURES

By:________________________________
Name:
Title:

                                       10
<PAGE>

                          FORM OF NOTICE OF EXERCISE

               [To be signed only upon exercise of the Warrant]

                   TO BE EXECUTED BY THE REGISTERED HOLDER
                        TO EXERCISE THE WITHIN WARRANT

     The undersigned hereby exercises the right to purchase __________ shares of
Common Stock which the undersigned is entitled to purchase by the terms of the
within Warrant according to the conditions thereof, and herewith

[check one]              [_]   makes payment of $  therefor; or

                         [_]   directs the Company to issue _____ shares, and to
                               withhold _____ shares in lieu of payment of the
                               Warrant.

All shares to be issued pursuant hereto shall be issued in the name of and the
initial address of such person to be entered on the books of the Company shall
be:


     The shares are to be issued in certificates of the following denominations:


     The Holder confirms and acknowledges the investment representations made in
Section 12 of the Warrant.


                              __________________________________________________
                              [Type Name of Holder]

                              By:_______________________________________________

                              Title:_______________________________

Dated: _________________

                                       11
<PAGE>

                               FORM OF ASSIGNMENT
                                    (ENTIRE)

              [To be signed only upon transfer of entire Warrant]

                    TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO TRANSFER THE WITHIN WARRANT

     FOR VALUE RECEIVED ________________________ hereby sells, assigns and
transfers unto _______________________ all rights of the undersigned under and
pursuant to the within Warrant, and the undersigned does hereby irrevocably
constitute and  appoint ________________________, Attorney to transfer the said
Warrant on the books of the Company, with full power of substitution.


                              ____________________________________________
                              [Type Name of Holder]

                              By:_________________________________________

                              Title:______________________________________

Dated:

NOTICE

     The signature to the foregoing Assignment must correspond to the name as
written upon the face of the within Warrant in every particular, without
alteration or enlargement or any change whatsoever.

Acknowledged and accepted:


_______________________________________
[Type name of assignee]

                                       12
<PAGE>

                               FORM OF ASSIGNMENT
                                   (PARTIAL)

              [To he signed only upon partial transfer of Warrant]

                    TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO TRANSFER THE WITHIN WARRANT

     FOR VALUE RECEIVED _____________________ hereby sells, assigns and
transfers unto _________________________ (i) the rights of the undersigned to
purchase ____ shares of Common Stock under and pursuant to the within Warrant,
and (ii) on a non-exclusive basis, all other rights of the undersigned under and
pursuant to the within Warrant, it being understood that the undersigned shall
retain, severally (and not jointly) with the transferee(s) named herein, all
rights assigned on such non exclusive basis. The undersigned does hereby
irrevocably constitute and appoint __________________________ Attorney to
transfer the said Warrant on the books of the Company, with full power of
substitution.


                              __________________________________________
                              [Type Name of Holder]

                              By:_______________________________________

                              Title:____________________________________

Dated: __________________

NOTICE

     The signature to the foregoing Assignment must correspond to the name as
written upon the face of the within Warrant in every particular, without
alteration or enlargement or any change whatsoever.

Acknowledged and accepted:


______________________________
[Type name of assignee]

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