Vernalis enters drug discovery deal with Genentech

Source: Marketwatch

Vernalis PLC announced it started collaboration with Roche Holding AG's unit Genentech in new drug discovery. Neither financial information of the deal nor any other details on planned drug discovery were provided. Vernalis focuses on curing diseases related to cancer and nervous system and said it will use the partnership to fund the research activities.

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Wed, 04 Jan 2012 17:08:58 GMT

Greece may find solution in internal devaluation

Greece and other troubled Euro Zone economies will face long period of recovery even if they succeed in debt restructuring. The prospects of staying in the Euro Zone appear so dismal that they would better exit the common currency union even despite exorbitant leaving costs. Fiscal devaluation looks more preferable than remaining in the Euro Zone as it would give country control over monetary policies

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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