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Business
PTC and Pfizer form small-molecule pact
January 15, 2007
| A version of this story appeared in
Volume 85, Issue 3
PTC Therapeutics has formed a research collaboration and licensing agreement with Pfizer centered on PTC's gene expression modulation by small molecules (GEMS) technology. Pfizer has paid $10 million to PTC and will purchase a $10 million stake in the biopharma company. The collaboration could include 10 drugs, each of which could earn PTC up to $121 million in milestone payments.
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