PTC Therapeutics of South Plainfield, NJ has inked a new deal to collaborate with CV Therapeutics on discovering new therapies for cardiovascular conditions. PTC gets $2 million up front and $8 million in loans. It stands to gain up to $335 million in milestone fees for the successful development of new therapies using its Gene Expression Modulation by Small-Molecules (GEMS) technology. Report [1]
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[1] http://www.bioworld.com/servlet/com.accumedia.web.Dispatcher?next=bioWorldHeadlines_article&forceid=39633