Privately held ARYx Therapeutics Inc. signed its first major partnership since its founding in 1998, granting to Procter & Gamble Pharmaceuticals Inc. worldwide development and commercialization rights to ATI-7505 in gastrointestinal disorders. (BioWorld Today)
Investors in Valentis Inc. took a devastating blow Tuesday, when the company reported lead drug VLTS 934 failed to show a statistically significant difference from placebo in a Phase IIb peripheral arterial disease study. (BioWorld Today)
Adding a new Alzheimer's disease platform to its portfolio, Athenagen Inc. agreed to merge with Zapaq Inc., a 5-year-old company focused on beta-secretase inhibitors. (BioWorld Today)