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Serono Pays Inpharmatica $1.5M As Part of Newly Expanded Proteomics Alliance

NEW YORK, Nov. 16 (GenomeWeb News) - Inpharmatica and Serono have expanded for a third time a collaboration to develop secreted proteins using Inpharmatica's PharmaCarta platform, the firms said today.

 

Terms of the expanded deal call for Serono to pay Inpharmatica $1.5 million for granting Serono "additional rights" to Inpharmatica's protein sequences.

 

Additionally, Inpharmatica stands to gain undisclosed up-font payments, milestone payments, and royalties from any resulting products, the companies said.

 

The original two-year deal, struck in 2001, was expanded by one year in January 2003, and again for a single year in August 2003.

 

The recent expansion, which extends the alliance for an additional year, will seek to validate the more than 200 protein sequences the companies have jointly identified.

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