Merck Serono and Flamel Technologies have entered into a collaboration to investigate the applicability of Flamel’s Medusa technology for the extended release of a therapeutic protein of Merck Serono’s portfolio. Merck Serono will make an upfront payment of $2.8 million to Flamel for investigating the therapeutic protein and will fund R&D efforts performed by Flamel. Financial terms, including a license agreement to cover potential commercialization, were not disclosed. “We ar...