Merck & Co., Inc. To License Pain Drugs From Neuromed Pharmaceuticals; $25M Initial Payment, Milestones Up To $450M

CONSHOHOCKEN, Pa. & WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--March 20, 2006--Neuromed Pharmaceuticals Ltd. and Merck & Co., Inc. announced today that they have signed a research collaboration and license agreement to research, develop and commercialize novel compounds for the treatment of pain and other neurological disorders, including Neuromed's lead compound, NMED-160, which is currently in Phase II development for the treatment of pain.

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