Pharma Consortium Provides £14.4M Funding for Drug Discovery
The DSTT consortium has attracted new investment which will enable its vital drug discovery work to continue until at least 2016.
A consortium of six pharmaceutical companies is providing more than ￡14 million for the development of new drug treatments for major diseases.
The ￡14.4 million funding, which was announced by the UK's Medical Research Council (MRC) and the University of Dundee, will be provided over a four-year period by the Division of Signal Transduction Therapy (DSTT).
This is comprised of AstraZeneca, Boehringer Ingelheim, GlaxoSmithKline, Janssen Pharmaceutica NV, Merck-Serono and Pfizer, along with 15 research teams at the University of Dundee, and is thought to be the world's largest academia-pharma collaboration.
Thanks to the new funding, scientists will be able to continue early-stage research in a
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