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$252M Potential in CLDA and CombinatoRx Deal

Ryan McBride 8/13/09

Cambridge, MA-based drug developer CombinatoRx (NASDAQ:CRXX) has licensed a compound from Clinical Data (NASDAQ:CLDA), of Newton, MA, to develop a combination treatment for multiple myeloma and other B-cell cancers, according to a press release. Clinical Data is eligible for up to $252 million in milestone fees from CombinatoRx and royalty payments on potential drug sales.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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