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Wellstat, Sanofi Ink $350M Deal for Phase II Insulin Sensitizer

By Donna Young

Thursday, October 22, 2009
Privately held Wellstat Therapeutics Corp. stands to gain up to $350 million, including an undisclosed up-front payment, in exchange for global rights to its Type II diabetes oral insulin sensitizer PN2034 and related compounds in a development and commercialization deal with Sanofi-Aventis Group SA, which sought the licensing agreement to beef up its diabetes platform. (BioWorld Today)

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