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Business
Corgentech, AlgoRx merge
October 3, 2005
| A version of this story appeared in
Volume 83, Issue 40
Corgentech and AlgoRx Pharmaceuticals have agreed to merge in a stock deal that will leave AlgoRx stockholders with a 62% stake in the combined company. The new company will focus on pain management and inflammation therapies. AlgoRx's pipeline holds three pain therapies, including candidates in Phase II and III clinical trials. Corgentech has one candidate, NF-kappaB decoy for eczema, in Phase I/II trials. Earlier this year, Corgentech's edifoligide, a drug to prevent vein graft failure after surgery, failed in trials.
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