J&J unit, Danish biotech firm sign drug development deal

08/17/2009 | Forbes

Johnson & Johnson's Janssen Pharmaceutica is partnering with Danish biotech firm NeuroSearch to develop and market drugs for central nervous system diseases. Under the collaboration, Neurosearch is entitled to receive $45.68 million in income and funding from Janssen during the first three years and up to $300 million in milestone fees and royalties.

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