Amylin And Biocon To Partner On Diabetes Drug

Stock quotes in this article: AMLN  

NEW YORK (AP) — Amylin Pharmaceuticals Inc. said Thursday it will partner with Biocon Ltd. of India to develop and market a biotech diabetes drug.

Terms of the collaboration were not disclosed. The companies said they will share development costs. Amylin, of San Diego, will provide technology that can combine two hormones into one drug, while Biocon will manufacture the product and provide experience in developing diabetes treatments.

In aftermarket trading, Amylin shares rose 9 cents to $12.60 from. In the regular session, the stock gained 3 cents to close at $12.51.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,456.84 1,109.87 2,192.40 33.77
Oil *
78.65
UP
4.16
UP
0.63
UP
7.37
UP
0.54
10 Yr
3.38%
SPDR Gold
119.31
+0.04%
+0.06%
+0.34%
+1.62%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services