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Novartis forges UC Berkeley pact, sees drug hopefuls in three years

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Novartis forges UC Berkeley pact, sees drug hopefuls in three years

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ZURICH (Reuters) – Novartis’s <NOVN.S> research head expects an alliance with a University of California chemistry lab to produce drug candidates within three years as the Swiss company accelerates its hunt for new medicines. Novartis announced the Novartis-Berkeley Centre for Proteomics and Chemistry Technologies on Thursday. It did not give financial details but said the multi-year deal targets “undruggable illnesses” like cancers that have eluded treatments.

(Reporting by John Miller; editing by Brenna Hughes Neghaiwi)
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