GVK partners with Wyeth

1 June 2008

US drug major Wyeth Pharmaceuticals has entered into a research agreement with Indian drug discovery firm GVK Biosciences.

Under the terms of the deal, GVK will identify potential drug candidates for Wyeth to advance to clinical studies. GVK will then be eligible for an initial payment, followed by success-based milestones.

G Reddy, managing director of GVK, said: "the agreement further validates India's capability to do innovative research along with leading pharmaceutical and biotech companies."

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