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Rigel gets milestone payment from Merck and CytoDyn Annual Meeting set.

Publication: M2 Presswire
Publication Date: 31-JAN-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 January 2006-US Financial Network: Rigel gets milestone payment from Merck and CytoDyn Annual Meeting set(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:31012006

City of Industry, CA - Pharmaceuticals industry news provided by Financial News USA (OTC: FNWU) Rigel Pharmaceuticals Inc. said Monday that it received a payment from Merck & Co. (NYSE:MRK) for meeting a target of their drug development partnership. The pharmaceutical firms did not disclose the amount or say what triggered the payment in a news release. Merck and Rigel are collaborating on the development of a class of drugs called ubiquitin...

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