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ITI Life Sciences signs two licences
ITI Life Sciences has reached a milestone with the signing of commercialisation licences with CXR Biosciences of Dundee and Artemis Pharmaceuticals of Cologne. The licences will allow both companies to commercialise new technology.
To date the Scottish Executive-funded ITIs have invested more than 100 million in new technologies
The three-year 5.5m R&D programme involving CXR and Artemis is designed to develop novel ways of testing potential new drugs before clinical trials in humans. The global market for such metabolism and toxicity testing is estimated to be worth 1.6 billion a year.
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Friday 25 May 2012
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