Cyprotex announces a collaborative research agreement with Pfizer
Cyprotex PLC (AIM:CRX), the preclinical ADME-Tox services company, today announces a collaborative research agreement between Apredica LLC (a wholly owned subsidiary of Cyprotex PLC) and Pfizer Inc. The deal extends over an eighteen month period and is split into two stages with the second stage being dependent on certain milestones being achieved. The collaboration is a research-based project which the parties aim to evaluate, further develop, and improve several of Cyprotex's proprietary offerings in the area of predictive toxicology.
Dr. Anthony Baxter, Cyprotex's Chief Executive Officer, comments on the collaboration: "We are delighted to be able to continue our relationship with Pfizer. This collaborative research is beneficial for both companies and allows Cyprotex to remain at the forefront of new approaches in toxicology prediction. Predicting drug-induced toxicity is a challenging field, and we are making significant advances by combining our knowledge with that of our partners and clients