Sanofi reaches licensing deal with Wellstat for diabetes drug

10/21/2009 | Reuters

Sanofi-Aventis has acquired worldwide licensing rights to Wellstat Therapeutics' diabetes drug PN2034 in a deal worth up to $350 million. The product, which is in Phase II trials, is an oral "insulin sensitizer" that improves insulin action in the livers of patients with Type 2 diabetes.

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