Merck to Buy Insulin Developer SmartCells
- Category: Health
- Published on Thursday, December 02, 2010 00:00
- Written by Associated Press
WHITEHOUSE STATION, NJ - Drugmaker Merck & Co. says it will buy insulin developer SmartCells in a deal that may exceed $500 million if development and regulatory milestones are met.
Merck says SmartCells is a private company developing a form of insulin that responds only in a specific glucose concentration range. If successful, the treatment may lower the risk of low blood sugar compared to standard insulins and improve control over both fasting and post-meal glucose levels.
SmartCells CEO Dr. Todd Zion developed the company's core technology at the Massachusetts Institute of Technology.
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