GPC Biotech gets milestone payment from Aventis Pharma for osteoarthritis drug
GPC Biotech AG said it has received an undisclosed milestone payment from Aventis Pharma in its osteoarthritis alliance.
Aventis has selected a validated target, which will be moved into high-throughput screening by Aventis Pharma to identify compounds for the treatment of osteoarthritis.
The 3-year research alliance with Aventis Pharma aims to identify and validate novel drug targets and their biochemical pathways in the field of osteoarthritis, GPC said in a company statement.
GPC is applying its integrated genomics and proteomics technologies to identify such targets.
© AFX News
Story filed: 08:56 Thursday 10th January 2002
GPC Biotech AG said it has received an undisclosed milestone payment from Aventis Pharma in its osteoarthritis alliance.
Aventis has selected a validated target, which will be moved into high-throughput screening by Aventis Pharma to identify compounds for the treatment of osteoarthritis.
The 3-year research alliance with Aventis Pharma aims to identify and validate novel drug targets and their biochemical pathways in the field of osteoarthritis, GPC said in a company statement.
GPC is applying its integrated genomics and proteomics technologies to identify such targets.
© AFX News
Story filed: 08:56 Thursday 10th January 2002