News in brief
GSK signs R&D agreement with India-based CRO Syngene
Syngene International has signed a multiyear agreement with GSK through which the companies will focus on accelerating the discovery of new drug candidates using the CRO’s discovery services platforms.
The contract research organization (CRO) Syngene International employs more than 3,100 scientists in India. As per the agreement, the company’s scientists will work with GlaxoSmithKline's (GSK) global R&D teams on discovery research projects.
The aim is to identify new drug candidates “with the potential to address some of the world’s most pressing healthcare needs,” according to the company.
To help achieve this goal, Syngene will establish a customized discovery research laboratory to support projects across several therapeutic areas.
Following the announcement, the Indian firm’s shares went up 3.9% to 588.05 rupees.
GSK is not providing any additional comment on the agreement at this time.
