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Merck-dumped Paratek Woos Novartis: $485M Antibiotic Deal

By Catherine Hollingsworth

Friday, October 9, 2009
Privately held Paratek Pharmaceuticals Inc. has found another partner to help develop its antibiotic PTK 0796 for life-threatening infections, this time joining with Swiss drugmaker Novartis AG in a deal valued at up to $485 million. (BioWorld Today)

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