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Pharmaceuticals

Merck signs up with Indian firm

November 27, 2006 | A version of this story appeared in Volume 84, Issue 48

Merck & Co. will work with Advinus Therapeutics, a drug discovery and contract services firm in Bangalore, India, to discover and develop drugs for metabolic disorders. Advinus will receive an unspecified up-front payment and milestone payments of up to $74.5 million for each target included in the pact. Merv Turner, Merck's senior vice president for worldwide licensing and external research, calls the deal his company's first research-based collaboration in India.

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