Merck to Invest $90M in New Drug Research Center
Merck will provide the California Institute for Biomedical Research $90 million over seven years to advance drug discoveries.
Merck & Co. is to launch the California Institute for Biomedical Research (Calibr) in La Jolla, CA, to advance discoveries into new drugs.
Merck will provide the new nonprofit institute $90 million over seven years. In return, it will hold options to obtain exclusive commercial licenses to any proteins or small molecule therapeutic candidates resulting from Calibr research.
At Calibr, research will progress to preclinical proof of concept, at which stage commercial partnerships will be sought for further development. The incubator will occupy about 50,000 square feet and be equipped for programs in immunology, autoimmune and metabolic disorders, cardiovascular disease, regenerative medicine, cancer biology, and neurodegenerative disease.
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