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Roche / Genentech sign licensing and development deal to access drug delivery formulation for Lucent

SurModics of Minnesota announced the completion of a License and Development Agreement with Roche / Genentech Inc for the use of SurModics’ proprietary microparticulate drug delivery technology. The deal provides for Roche/Genentech to exclusively develop and commercilaize a sustained drug delivery formulation of Lucentis (ranibizumab).