Clal Biotechnology Industries And Teva Pharmaceuticals Solidify Their Collaboration For Final Stage Development Of Type 1 Diabetes Drug
Clal Biotechnology Industries Ltd., (TASE: CBI), an investment group in the field of life sciences, announced recently that Andromeda Biotech Ltd., a wholly owned subsidiary of CBI, signed a Term Sheet with Teva to develop and commercialize DiaPep277, an innovative and advanced drug for the treatment of type 1 diabetes. According to the Term Sheet, Teva and other investors will invest in Andromeda and will finance the development cost. [click link for full article]
More: continued here