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University Hospitals touts new $250 million drug development model
from MedCity News
Don't tell University Hospitals that the valley of death doesn't exist for biotechnology and pharmaceutical companies. The Cleveland-area health system has launched a new $250 million project that it's touting as something that could become a national model for developing promising drugs and bringing them to market. The aim of the new Harrington Project for Discovery & Development is to advance drug candidates through the period that runs from late animal testing to mid-clinical development in which companies find it difficult to attract funding to keep the drug development process going.
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