On Air Now

Now Playing

Our Playlist »

Listen

Listen Live Now » 106.1 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
71° Feels Like: 71°
Wind: SW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Thunderstorms 84°

Tonight

Thunderstorms Early 67°

Tomorrow

AM Clouds/PM Sun 80°

Alerts

Novartis signs deal to boost cell therapy portfolio

A Novartis logo is pictured on its headquarters building in Mumbai April 1, 2013. REUTERS/Vivek Prakash
A Novartis logo is pictured on its headquarters building in Mumbai April 1, 2013. REUTERS/Vivek Prakash

ZURICH (Reuters) - Swiss drugmaker Novartis AG said on Friday it had signed a licensing and research deal that could boost its ability to develop innovative cell-based therapies for conditions where little treatment is currently available.

The maker of blockbuster blood pressure drug Diovan said it would use a stem-cell based platform developed by U.S.-based biopharmaceutical company Regenerex to help broaden its cell therapy portfolio.

Timothy Wright, head of development at Novartis Pharmaceuticals, said the agreement would support Novartis' leadership position in cell therapy.

Comments