Array BioPharma announced a collaboration agreement with Biogen Idec for the discovery and development of inhibitors targeting a novel kinase for the treatment of autoimmune disorders. The collaboration target and lead inhibitors were discovered through Array’s proprietary Kinase-Directed Phenotypic Screening Platform. This technology relies on Array’s deep experience in kinase inhibitor chemistry and phenotypic screening which can be applied to any therapeutic area where a desired cellular phenotype can be envisioned.
“Array has a strong track record in the discovery of novel compounds, and we are delighted to collaborate with them,” said Jo Viney, vice president of Immunology Research, Biogen Idec. “We are encouraged by the potential of this program to address inflammatory disease and are excited to add it to our immunology research portfolio.”
“We look forward to collaborating with Biogen on this exciting target,” said Nicholas Saccomano, recently announced chief scientific officer, Array BioPharma. “With fifteen Array-invented drugs currently in clinical development benchmarking the quality of our science, we are confident in the team’s ability to advance the program with the ultimate goal of improving care for patients with inflammatory disease.”
Under the terms of the agreement, Biogen and Array will collaborate on the discovery of the novel kinase inhibitors. Biogen will be responsible for all aspects of clinical development and commercialization. The agreement includes research funding for three years, various milestone payments payable upon achievement of certain development and commercial milestones, and royalties to Array.
Date: May 28, 2014
Source: Array
Filed Under: Drug Discovery
