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Merrion seeks partner

MERRION Pharmaceuticals has said it will not meet its revenue targets for this year and that it is seeking an investment partner.

Merrion said Danish group Novo Nordisk had decided not to go ahead with a licensing deal for the use of Merrion's GIPET technology in one of its compounds.

Merrion, based in Citywest in Dublin 24, has hired Ondra Partners to help identify strategic investors.