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Lycera signs research agreement with Merck

Under the pact, both the companies are expected to develop drugs for the treatment of autoimmune diseases like psoriasis, rheumatoid arthritis, multiple sclerosis and inflammatory bowel disease. Further,

NovaBay commences urinary tract infection drug trial

The multi-centre, randomised, double-blind proof-of-concept clinical trial will compare the use of a catheter irrigation solution containing NVC-422 versus the use of a saline irrigation, the commonly used

Infinity begins chondrosarcoma drug trial

IPI-926 is a novel, oral molecule that inhibits Smoothened, a key component of the Hedgehog pathway. The activation of the Hedgehog pathway is believed to be involved in

Targacept calls off GSK pact

The termination will be effective in May 2011. After the termination, Targacept is expected to have full rights to its programs subject to the alliance, including compounds discovered

Transcend to take over DTS America

Transcend plans for acquiring DTS by the merger of DTS and a subsidiary of Transcend. The acquisition is expected to be of $7.9m in cash, plus an earn-out