Ablynx and Merck expand ion channel research collaboration
Belgian drug developer Ablynx (Euronext Brussels: ABLX) has expanded its initial two-year research collaboration with US pharma giant Merck & Co (NYSE: MRK) to develop and commercialize Nanobody candidates directed towards an undisclosed voltage gated ion channel.
Merck will extend its funding of the research collaboration with Ablynx to the end of September 2016. This ion channel collaboration was announced in October 2012 and included a 6.5 million-euro ($7 million) upfront payment and 2 million euros in initial research funding.
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