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Cengent Inks Drug Discovery Collaboration with Novartis Institutes

NEW YORK, April 12 (GenomeWeb News) - Cengent Therapeutics said today that it has struck a drug discovery deal with the Novartis Institutes for Biomedical Research.


Under the deal, Cengent said it will use its proprietary structure-based lead identification technology to screen for drug candidates against targets identified by the Novartis Institutes.


Financial terms of the deal were not disclosed, but Cengent said the arrangement includes upfront and milestone payments.


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