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Cleveland-based Athersys inks global deal with Pfizer

Cleveland-based Athersys, Inc., has entered into an agreement with Pfizer Inc. to develop and commercialize a new treatment for Inflammatory Bowel Disease, the company says in a news release.

Under the terms of the agreement, Athersys will receive an up-front cash payment of $6 million from Pfizer, as well as research funding and support during the initial phase of the collaboration.

Read the full story here.
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