Pharmacopeia Drug Discovery, Inc. (PCOP)

[surf1944]

7:31AM Pharmacopeia will receive a $500k milestone payment from GSK (PCOP) 3.34 : The co announces that it has identified a new lead for advancement in its alliance with GlaxoSmithKline (GSK), through its collaboration with the Center of Excellence for External Drug Discovery. This newly identified lead is the first from a program being evaluated as a potential treatment for pain and the fifth lead identified since the alliance was initiated in 2006. As a result of this success, Pharmacopeia will receive a $500,000 milestone payment from GSK.