NeuroSearch gains on expanded pact with GSK
Shares of Denmark's NeuroSearch jumped 10 percent on the news that it has expanded its alliance with GlaxoSmithKline. In the new deal, NeuroSearch will gain shares of GSK worth up to $38.2 million. In the revised pact, NeuroSearch will be responsible for development work on some drug candidates through Phase IIa, with Glaxo taking over late-stage development. Milestone payments to NeuroSearch will begin at the initiation of Phase I. Glaxo also gains full access to NeuroSearch's ion channel platform.
- see this release on the new deal
Related Article:
NeuroSearch to continue studies for NS2330. Report
Be the first to comment
Comments
Post new comment
Paid Research Reports
- RNA therapy: the next big thing after monoclonal antibodies?
- Biotech M&A Strategies: Deal assessments, trends and future prospects
- The Dermatology Market Outlook to 2013: Competitive landscape, pipeline analysis and growth opportunities
- Pipeline Insight: Cancer Overview - Breast, Gynecological, Genitourinary - Diverse drugs approaching the market for many tumor t
- Sales Force Effectiveness
