Teva Pharmaceutical Industries Ltd. today notified Proteologics Ltd. (TASE: PRTL) that it was terminating the licensing agreement to develop several molecules on which the two companies were collaborating.
…Proteologics is a drug development company which focuses primarily on discovering inhibitors for specific E3 ubiquitin ligases for targeted therapies for cancer and inflammatory diseases. The termination is part of Teva's new strategic plan.
The collaboration was inked in May 2005 (#msg-6218593).
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