DYAX, DEBIOPHARM REVISE DEVELOPMENT DEAL

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Biotech company Dyax Corp. and Swiss drug maker Debiopharm SA said Tuesday they have restructured their development agreement for a drug to treat lung disorders. Financial details of the agreement were not disclosed. Under the new agreement, Debiopharm will get exclusive global rights for the development and commercialization of DX-890 for cystic fibrosis and acute respiratory distress syndrome, or ARDS.

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