Rochester,NY 8/7/2009 12:39:09 AM
GlaxoSmithKline plc, GSK - Cancer Project GlaxoSmithKline, Vernalis Team goes Up
GlaxoSmithKline plc
It will take a 3.39% stake in U.K. biotech Vernalis PLC as part of a research deal into cancer.GlaxoSmithKline PLC said by PLC
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Vernalis said it has entered into a collaboration with Glaxo relating to a Vernalis research program against an undisclosed cancer target. Glaxo will be responsible for preclinical development of any drug developed, while Vernalis will do the early stage discovery work.
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