The agricultural research division of American Cyanamid andHoughten Pharmaceuticals Inc. (HPI) announced that they willcollaborate on developing combinatorial libraries for rapidlyscreening organic compounds and natural products for leads forhealth and agricultural products.
The research collaboration provides HPI with milestonepayments and royalties on sales of agricultural and animalhealth products developed by Cyanamid (NYE:ACY) of Wayne,N.J. "HPI will retain rights to compounds that may haveapplications in human therapeutics,"Asaid Richard Houghton,chief executive officer of the San Diego-based company."Cyanamid will receive milestone payments and royalties onany human medical products developed by HPI resulting fromthe collaboration."
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