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Torrent in R & D pact with AstraZeneca
CHENNAI: Torrent Pharmaceuticals has signed a research collaboration agreement with AstraZeneca. The collaboration aims at discovering a novel drug for the treatment of hypertension. Under the agreement, Torrent Pharma and AstraZeneca will fund the research project jointly in equal proportion. The agreement envisages success-based research and development payments to Torrent and also royalties based on the commercialisation of drug candidate. Torrent would also get co-marketing rights of the products for its home market.
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