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March 14, 2007

Neuromed Banks $2M Milestone Payment from Merck & Co.

  • Neuromed Pharmaceuticals received a milestone payment of $2 million under its collaboration and license agreement with Merck & Co. In March 2006, the companies partnered to research, develop, and commercialize N-type calcium channel blockers for the treatment of pain and other disorders.

    "N-type calcium channels are an important target for pain,” states Christopher Gallen, president and CEO of Neuromed.  “Merck's commitment to this program gives it the highest chance to succeed in producing therapeutics for chronic pain and other underserved markets. "

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