Wednesday, January 20, 2010

Genvec going into partnership with Novartis

Novartis is entering into partnership with Genvec for their hearing and balance loss restoration programme.They are spending 5 million upfront to Genvec showing their convidence in Genvec's technology.

If the programme succeeds Genvec will recieve a further 214 million which is a great incentive for Genvec to achieve their goal.

It is nice to know that a pharmaceutical giant with about 99,000 employees and 2008 net income of more than $8 billion has finally come to play in the field of hearing and balance loss.

See :

No comments: