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Abbott and Pierre Fabre SA Announce Collaboration to Research and Develop Novel Treatments for Cancer
Date:2/1/2010

noclonal antibodies targeting the cMet receptor. Pierre Fabre SA will receive an initial $25 million upfront payment and research funding to support further discovery efforts for two years. Additional terms of the agreement, including milestones and royalty payments, remain confidential.

About Pierre Fabre

Pierre Fabre SA is the second largest independent French Pharmaceutical company with a 2009 turnover of euro 1.8 billion. It employs around 10,000 people, including 1,400 employees dedicated to R&D activities. In 2009, Pierre Fabre Medicament dedicated over 30% of its annual turnover to R&D in major therapeutic fields.

To learn more about Pierre Fabre SA, please refer to the company's Web site at www.pierre-fabre.com.

About Abbott

Abbott is a global, broad-based health care company devoted to the discovery, development, manufacture and marketing of pharmaceuticals and medical products, including nutritionals, devices and diagnostics.  The company employs more than 72,000 people and markets its products in more than 130 countries.

Abbott's news releases and other information are available on the company's Web site at www.abbott.com.

SOURCE Abbott

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