Zalicus Provides Oncology Research Collaboration Update
CAMBRIDGE, Mass., Apr 26, 2012 (BUSINESS WIRE) --Zalicus Inc. (NASDAQ: ZLCS) provided an update today on its research collaboration with Novartis, based on its combination High Throughput Screening (cHTS) platform.
Based on the success of the collaboration up to this point, Novartis has exercised its second option to extend its oncology discovery research collaboration with Zalicus for an additional contract year, through April 2013.
"The extension of our alliance with Novartis confirms the value of the cHTS discovery technology to the advancement of novel treatments for cancer," commented Mark H.N. Corrigan, MD, President and CEO of Zalicus.