Saturday, February 11, 2012

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Abbott, Fisher unit collaborate on drug discovery

NEW YORK, July 6 (Reuters) – Drug maker Abbott Laboratories Inc. (ABT.N: Quote, Profile, Research) and a unit of medical devices company Fisher Scientific International Inc. (FSH.N: Quote, Profile, Research) on Thursday said they would collaborate on developing new therapeutics.

The companies said the research could extend drug discovery efforts into disease targets where traditional technologies have not succeeded. The collaboration will involve a gene silencing technology, they said.

Financial terms of the agreement between Abbott and Fisher’s Dharmacon Inc. unit were not announced.