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Article: NPS Pharmaceuticals Announces Canadian Government $5.78 Million (U.S.) Funding for Allelix Biopharmaceuticals.

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PR Newswire
Article date:
November 9, 1999
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SALT LAKE CITY, Nov. 9 /PRNewswire/ -- NPS Pharmaceuticals, Inc. (Nasdaq: NPSP), today announced that the Canadian government has agreed to make an investment in NPS's proposed merger partner, Allelix Biopharmaceuticals Inc. through a program known as Technology Partnerships Canada. The $5.78 million (U.S.) investment will support the clinical research and development of ALX-0600, a potential new drug for the treatment of gastrointestinal disorders.

(Photo: http://www.newscom.com/cgi-bin/prnh/19990901/NPSLOGO )

In September, NPS and Allelix announced that they have agreed to a merger, which is expected to close in January 2000. The merged company will ...

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