Merck Serono has enlisted Gene Logic to help breathe new life into abandoned drug candidates. The companies will seek alternative development paths for several Merck Serono drug candidates which have been discontinued or de-prioritized in clinical trials for reasons other than safety. Financial details of the deal weren't disclosed, but Gene Logic will receive success-based milestones and royalties.
Gene Logic's Drug Repositioning Program is designed to find alternative development paths for failed or stalled drug candidates. The program offers pharmaceutical partners an opportunity to bolster their pipelines with drug candidates that originated from their own R&D efforts. Other biotech and pharmaceutical companies that are giving Gene Logic's program a try include Abbott [1], Organon [2]Â and Eli Lilly [3].
- check out this release on the agreement [4]
Related Articles:
Gene Logic, Abbott strike development deal. Report [1]
Gene Logic re-examines Organon candidates. Report [2]
Gene Logic to give Lilly drugs fresh look. Report [3]
Gene Logic cuts jobs at struggling genomics division. Report [5]
Links:
[1] http://www.fiercebiotech.com/story/gene-logic-abbott-strike-development-deal/2007-05-11
[2] http://www.fiercebiotech.com/story/gene-logic-re-examines-organon-candidates/2006-04-21
[3] http://www.fiercebiotech.com/story/also-noted-nabi-sells-unit-to-fresenius-gene-logic-to-give-lilly-drugs-fres/2006-10-12
[4] http://www.fiercebiotech.com/press-releases/press-release-gene-logic-establishes-agreement-merck-serono
[5] http://www.fiercebiotech.com/story/gene-logic-cuts-jobs-at-struggling-genomics-division/2006-08-02