Cubist Buys Minority Stake in Novalon; Will Provide Bioinformatics

Dec 22, 1998

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CAMBRIDGE, Mass.--Cubist Pharmaceutical Inc. here has taken a $1 million minority position in Novalon Pharmaceutical Corp. and will provide the Chapel Hill, N.C., startup with research support, including bioinformatics help. Cubist also gained a six-month option to acquire all outstanding shares of Novalon. An internet search led to the match.

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