Thursday, June 10, 2010

TransTech, Forest sign diabetes drug license deal‎



Businessweek.com:TransTech Pharma Inc. and Forest Laboratories Inc. said Tuesday they entered a license agreement potentially worth more than $1.1 billion for the development of diabetes drugs.

Under the deal, Forest will pay privately held TransTech $50 million upfront and more than $1.1 billion if the drugs meet certain development and commercial milestones...continue

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