Penwest signs R&D agreement with Otsuka Pharmaceutical
Penwest Pharmaceuticals has signed its fourth R&D agreement with Otsuka Pharmaceutical of Japan for Penwest to develop a formulation of an undisclosed Otsuka compound utilizing Penwest's TIMERx drug delivery technology.
Cadila Healthcare Ltd., a research-oriented pharmaceutical company in India belonging to Zydus group, said it has inked a new drug discovery and development pact with Eli Lilly and Co. focused in the area of cardiovascular research.