India-headquartered contract research organization GVK Biosciences announced in a press release Monday that it has entered into an agreement with Endo Pharmaceuticals, part of Endo Health Solutions . GVK Bio will contribute to discovering a new clinical drug candidate under the deal, while Endo will help to develop and commercialize any resulting product.
The agreement, which first arose from GVK Bio's Early Discovery Assets concept, will look to uncover small molecules targeting a specific protein.
GVK Bio's CEO, Manni Kantipudi, was quoted in the press release as saying, "We are delighted to partner with Endo as it continues to build its discovery pipeline through external collaborations. This collaboration also confirms the value of our differentiated [Early Discovery Assets] concept, conceived to collaborate with pharmaceutical partners on discovery projects, from target to clinical candidates."
The article GVK Biosciences, Endo Pharmaceuticals Enter Collaboration originally appeared on Fool.com.
Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.