Aventis licenses ASTA diabetes drug
Aventis has signed a co-development and licensing deal with ASTA Medicafor a series of compounds intended for the treatment or prevention of diabetes, diabetic late complications and related metabolic diseases. The lead drug covered in the agreement, dexlipotam, is in Phase IIa clinical trials. Aventis gains exclusive rights to the compounds in the USA, Canada, Mexico and Japan, and co-marketing/co-promotion rights elsewhere.
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