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Aug22
Xenogen Biosciences Entered Into a Target Validation Collaboration Agreement with Schering-Plough
Acquired on August 9, 2006 by Caliper Life Sciences, Inc. (Nasdaq: CALP), Xenogen Biosciences, has entered into a target validation collaboration with Schering-Plough Corporation (NYSE: SGP), under which Xenogen Biosciences will utilize its proprietary Serial Phenotyping Compression Technology (SPCT) to characterize high value targets resulting from drug discovery research conducted by the Schering-Plough Research Institute.
SPCT evaluates the physiological and behavioral impact of such high value targets by utilizing a battery of more than 85 pharmacologically-validated challenge or bioassays (measuring over 400 individual parameters), and covering most therapeutic areas.

The financial terms of the deal were not disclosed.

Source: Caliper Life Sciences

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« China Biopharmaceuticals Completed All Clinical Trials for Nafamostate Mesilate | Main | ABILIFY® DISCMELT™(aripiprazole): New Rapidly Disintegrating Oral Form of Antipsychotic Medication ABILIFY® (aripiprazole), Launched by Bristol-Myers Squib Co. and Otsuka Pharma Co. »

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