9/29/2011 7:48:39 AM
Danish pharmaceutical group Lundbeck is to invest 10.3 million pounds ($16.1 million) in British peer Proximagen Group PLC as part of a strategic partnership, the companies said on Thursday. Entering the deal would allow the companies to jointly use their expertise in central nervous system (CNS) drug development, the companies said in a statement. "Proximagen has built an exciting pipeline which offers real promise in treating a number of CNS disorders," Lundbeck's head of research and development, Anders Gersel Pedersen said in the statement.
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