Biovista Inks Research Collaboration Agreement with Novartis

Biovista announced that it has entered into a research collaboration agreement with Novartis.

Biovista, a privately held biotechnology company, said yesterday that it has reached a research collaboration agreement with Novartis. The collaboration is focused on identifying new indications for a number of undisclosed Novartis compounds using Biovista's Clinical Outcome Search Space (COSS) technology.

The terms of the agreement include an upfront payment and success-based milestones.

"We look forward to working with Novartis to enhance their drug discovery efforts" said Aris Persidis, President of Biovista. "Our unique COSS(tm) technology offers significant advantages in terms of speed, comprehensiveness and depth of clinical outcome exploration, which we expect will help patients in need of nove