DuPont Merck & Scios Sign Alzheimer's Deal
DuPont Merck Pharmaceutical and Scios Inc have announced the signing ofan agreement establishing a research collaboration into Alzheimer's disease, with the initial focus being on using Scios' high-throughput screening systems to identify useful DuPont Merck compounds.
Under the terms of the agreement, DuPont Merck has agreed to purchase $3 million of Scios common stock, and will make milestone and royalty payments. Additional financial terms of the deal were not disclosed.
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