Wednesday, April 10, 2013

GSK plans $1 million prize to jump-start "electroceuticals"

GSK plans $1 million prize to jump-start "electroceuticals"

A GlaxoSmithKline logo is seen outside one of its buildings in west London, ahead of company resultsBy Ben Hirschler LONDON (Reuters) - GlaxoSmithKline, Britain's biggest drugmaker, is placing a small but important bet on a new way of treating diseases by targeting electrical signals in the body. The company said on Wednesday it would offer a $1 million prize to stimulate innovation in the field, as well as funding up to 40 researchers working in external laboratories. The initiative is a long-term gamble on the promise of a new kind of medicine, using electrical impulses rather than the chemicals or biological molecules found in today's drugs. ...



Source: news.yahoo.com

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