By Justin Petrone

Ligon Discovery will use its small-molecule microarray screening platform to discover candidates for Bayer Schering Pharma's drug-development programs, the firm said last week.

While further details of the deal were not made public, Ligon is "pleased" with its partnership, not only because of the revenue stream it will provide the year-old Harvard University spinout, but because it could lead to similar partnerships with other pharmaceutical clients.

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