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Sanofi-Aventis sees Avalon agreement annulled
Sanofi-Aventis sees Avalon agreement annulled
Date published: 23/12/2005
A
collaboration agreement between Sanofi-Aventis and Avalon Pharmaceuticals has
expired, the latter company said. The deal, established in December 2003,
brought the two firms together to use molecular cytogenetics technologies in
finding cancer drug targets. Avalon specialises in research into small molecule
therapeutics.
The agreement expired, however, when Sanofi-Aventis
decided not to further validate research targets which had been studied by the
collaboration. It is hoped that Avalon will be able to make use of the products
of the research.
Paul Yong, president of research at Avalon, said: "We
have appreciated the close collaboration with Sanofi-Aventis on this program.
While they did not select any targets from this program, we expect to continue
validation studies on several of the genes as potential Avalon drug discovery
targets."
In other news, Sanofi-Aventis' vaccine making arm Sanofi has
been making strides in producing a vaccine for the H5N1 strain of avian flu.
The company announced earlier in the month that early clinical tests
had been positive, and that it has already signed contracts with the French,
Australian and US governments to provide a vaccine, according to
BusinessWeek.
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