Cancer Research UK and Newcastle University extend successful multi-project drug discovery alliance with Astex Pharmaceuticals
Cancer Research UK* and Newcastle University announce a three year extension to their major strategic drug discovery alliance with Astex Pharmaceuticals, a pharmaceutical company dedicated to the discovery and development of novel small molecule therapeutics.
The alliance, which was formed five years ago, brings together world-leading researchers in structural and cellular biology, and medicinal chemistry with the innovative fragment-based small molecule drug discovery and development capabilities of Astex.
The researchers at the Cancer Research UK Drug Discovery Programme at the Northern Institute for Cancer Research (NICR), Newcastle University, will work to identify and develop new cancer drugs and associated biomarkers.
The existing portfolio of research consists of multiple projects spanning target validation and early stage medicinal chemistry, with projects progressing towards the more advanced stages of preclinical development.
The new agreement also includes provisions for further extension of the alliance towards the end of the new three year term.
Astex retains the right to an exclusive worldwide licence to take the most promising projects forward into pre-clinical and clinical drug development. In return, Cancer Research UK and Newcastle University are eligible to receive milestone and royalty payments on any compounds that Astex takes into clinical development and successfully commercialises.
Dr Iain Foulkes, Cancer Research UK’s executive director of research and innovation, said: “We’re delighted to extend this major collaboration which accelerates the development of Cancer Research UK’s world class work into new treatments for patients.
“Promising new compounds resulting from this partnership are now progressing towards the next stage of development. Multi-project alliances like this are powerful engines for innovation and drug discovery and this announcement underlines Cancer Research UK’s exceptional track record of bringing these together successfully.”
Steve Wedge, Professor of Stratified Cancer Medicine Discovery at Newcastle University, said: “The innovative academic-industry collaborative model pioneered with Astex has been a genuine success and we are thrilled to be able to continue working in partnership on our drug discovery research.
“The alliance benefits significantly from complementary expertise and provides a route to progress promising novel therapies towards clinical use.”
Dr Harren Jhoti, President and Chief Executive Officer of Astex, said: “The extension of our agreement with Newcastle and Cancer Research UK underlines the success of our existing alliance and the importance we place on collaboration with world leading academic research groups to strengthen our efforts to discover new treatments for patients.
“We look forward to continuing our important work and to continued success in bringing new compounds into development.”
For media enquiries please contact the Cancer Research UK press office on +44 203 469 8300 or, out-of-hours, the duty press officer on +44 7050 264 059.
Notes to Editor
*Cancer Research UK’s commercial activity operates through Cancer Research Technology Ltd. (CRT), a wholly owned subsidiary of Cancer Research UK. It is the legal entity which pursues drug discovery research in themed alliance partnerships and delivers varied commercial partnering arrangements. CRT is the party to the strategic drug discovery alliance and to the extension referred to in this press release.