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Pfizer sets pact with university

from The Wall Street Journal (subscription)

Pfizer Inc. announced a collaboration with University of California, San Francisco, to spur the discovery of new medicines, in the latest instance of a drug maker tapping outside experts for research-and-development help. The collaboration tackles a particularly difficult stage of drug development — the translation of early scientific research into marketable treatments. That stage of R&D is often referred to as the "Valley of Death" because so many promising compounds fail to advance. Under the terms, Pfizer would pay up to $85 million over the next five years to help explore whether discoveries in UCSF labs could be turned into new biologic medicines. more

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