GSK purchases 3% stake in Addex

5 October 2008

UK drug major GlaxoSmithKline has purchased a 3% stake in Swiss firm Addex worth 8.8 million Swiss francs ($8.0 million). Addex has been looking for a partner for lead drug candidate ADX10059, which has shown a statistically-significant reduction in gastroesophagel reflux in two separate clinical trials.

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