Genfit and Sanofi extend R&D accord until end of 2010
French biotechnology company Genfit and French drug giant Sanofi-Aventis say they will extend an R&D collaboration initiated in 1999 until the end of 2010. Focused on new drugs for diabetes type 2 and vascular inflammatory conditions, the accord has produced AVE 0897, a compound that is nearing the end of Phase I testing. The companies will expand their research into Parkinson's and Alzheimer's and Genfit is expected to take over two molecules from Sanofi, one for diabetes and the other for dyslipidemia.
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