MYOGEN EXTENDS NOVARTIS AGREEMENT

Drug developer Myogen Inc. said Tuesday it extended a research collaboration with Swiss drug maker Novartis AG for work on drugs aimed at treating heart muscle disease. The two-year extension on the agreement which began in 2003 means Novartis will fund research in exchange for licensing rights for the compounds developed. The deal now runs through October 2008.

MSN Money (http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=AP&Date=20060711&ID=5857608)