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GenVec Inc announces collaboration with Novartis

Thursday, 13 Feb 2014 06:00am EST 

GenVec Inc:Says it has achieved the third milestone in its collaboration with Novartis for the development of treatments for hearing and balance disorders.Says in Jan. Novartis filed an Investigational New Drug (IND) application with the Food and Drug Administration (FDA) for the clinical development of CGF166, the lead product candidate under the collaboration.Says IND was deemed effective on Feb. 7 and this triggered a $2 million milestone payment to GenVec under the terms of the collaboration. 

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0.06 +2.91%
26 Dec 2014