AstraZeneca & PTC Announce Drug Discovery Collaboration
Under the terms of the agreement, AstraZeneca will make an undisclosed up-front cash payment for the initiation of the first target in the collaboration plus committed research funding to PTC.
AstraZeneca and PTC Therapeutics, Inc. have inked a research collaboration and license agreement for the application of PTC's proprietary GEMS? technology (Gene Expression Modulation by Small-molecules) for the discovery and development of potential new therapies for cancer and other diseases.
The collaboration between AstraZeneca and PTC is a step forward in drug discovery for novel therapies, considering that classical drug discovery approaches have proven ineffective for more than 90% of all disease targets.
Under the terms of the agreement, AstraZeneca will make an undisclosed up-front cash payment for the initiation of the first target in the collaboration plus committed research funding to PTC. Initial efforts will be focused on oncolo
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