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Tripos Shares Jump 7.14 Percent After French Drug Maker Taps Company for Discovery Deal

NEW YORK, Aug. 30 (GenomeWeb News) - Shares in Tripos were up 7.14 percent, or $.29, at $4.35 in mid-afternoon trading today after the company said it will work with a French drug maker to identigy potential drug targets.

 

Terms of the deal call for Servier to use Tripos' ChemSpace and LeadHopping technology and its chemistry processes to identify chemistries against targets that it had previously uncovered using Tripos' LeadQuest compound collection, the companies said.

 

Financial terms of the agreement were not disclosed.

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