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Metrion, Concept Life Sciences Partner on Ion Channel Drug Discovery Services

NEW YORK (GenomeWeb) – Contract research organizations Metrion Biosciences and Concept Life Sciences announced today that they have partnered to offer integrated chemistry and biology services for ion channel drug discovery.

Under the terms of the deal, the companies will jointly develop and promote a service package that combines Metrion's ion channel assay development, validation, and compound screening offerings with Concept's medicinal chemistry, analytical chemistry, in vitro ADME assays, and investigational toxicology services.

The companies said they will share revenues and milestone payments from contract research projects, and that they would consider risk-sharing arrangements with potential clients.

Additional terms were not disclosed.