NEW YORK (GenomeWeb News) - Clinical Data said today it has paid out 135,146 of its shares to Merck KGaA as a milestone payment after successfully completing a Phase III study of the German firm’s Vilazodone drug.

Clinical Data’s shares closed most recently at $24.22.

Clinical Data acquired the rights to antidepressant Vilazodone in 2004 and is developing the drug along with a genetic test that will help doctors match patients with a treatment that is most likely to work in the first instance.

To read the full story....

Register for Free.

...and receive Daily News bulletins.

Already have an account?
Login Now.

In Science this week: International Wheat Genome Sequencing Consortium publishes the bread wheat cultivar Chinese Spring reference genome, and more.

At his FDA Law Blog, Jeffrey Gibbs discusses FDA's technical assistance for the draft Diagnostic Accuracy and Innovation Act.

The New York Times reports that genetic testing has uncovered unfaithful penguins at a Utah aquarium.

Cancer researcher loses funding under new Wellcome Trust anti-bullying policies, the Guardian reports.