Merck, Institute of Cancer Research, Wellcome Trust to co-develop cancer drugs
Merck Serono will make milestone payments based on achieving regulatory and sales goals plus royalty payments on net sales of future products developed under the agreement
BS B2B Bureau B2B Connect | Darmstadt, Germany
The collaboration will be jointly funded by Merck Serono and the Wellcome Trust. The existing drug discovery program at the ICR is supported by a Wellcome Trust Seeding
Drug Discovery Award.
In a joint effort, a team led by Dr Chris Lord and Professor Alan Ashworth at the ICR and a research group at Merck Serono will aim to progress chemical compounds that have emerged from both organisations’ tankyrase inhibitor programs towards clinical development. At the end of the collaboration period, Merck Serono will take over full responsibility for the selected clinical development candidate, with the goal of bringing a new cancer therapeutic drug to patients.
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Under the terms of the agreement, Merck Serono will make milestone payments based on achieving regulatory and sales goals plus royalty payments on net sales of future products discovered or developed under the agreement.
Dr Chris Lord, Team Leader in the Division of Breast Cancer Research at The Institute of Cancer Research, London, said, “Tankyrase inhibitors provide a unique opportunity to target one of the most common characteristics of cancer cells - their dependency on the so-called ‘Wnt signaling’ pathway. Both Merck Serono and the group at the ICR have already made notable progress in developing tankyrase inhibitors. Working with Merck Serono will allow us to jointly accelerate our program with the aim to ultimately make tankyrase inhibitors available to cancer patients.”
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First Published: Oct 07 2014 | 4:13 PM IST