Philips inks R&D pact with Organon

The parent company of Philips Medical Systems of Andover, MA, has teamed up with Dutch drug developer Organon to research the development of new drugs and therapies for mental disorders and cancer.

Royal Philips Electronics said the companies plan to use Philips medical imaging technologies in the study of biomarkers -- specific molecules or cells that can be measured as an indicator of biological function. The firms hope to both speed up R&D for new drugs and therapies, and also monitor the effect of therapies and customize treatment programs accordingly.

Scientists from Organon will work at the Philips Life Sciences Facilities in Eindhoven, Netherlands, to identify, validate, and exploit novel biomarkers, the companies said.

By AuntMinnie.com staff writers
May 24, 2007

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