Date: 2011-08-18
Type of information: R&D agreement
Compound: drug discovery programs
Company: Galapagos (Belgium) Genentech a member of the Roche Group (USA-Switzerland)
Therapeutic area:
Type agreement: research - R&D
Action mechanism:
Disease: undisclosed
Details: • On August 18, 2011, Galapagos announced that its service division Argenta has extended its integrated contract drug discovery agreement with Genentech. This is the third such extension since the agreement was announced in December 2005. The agreement covers a number of drug discovery programs that utilize Argenta's expertise in computer-aided drug design (CADD), medicinal chemistry, in vitro biology and screening to discover new chemical entities acting against undisclosed drug targets defined by Genentech. The extended agreement also allows Genentech to continue placing projects directly into Galapagos' other service division, BioFocus, who will provide Genentech with integrated medicinal chemistry, in vitro biology and ADME services. BioFocus has been working with Genentech since an amendment to the Argenta agreement was signed in September 2010.
Financial terms: Total potential value of the contract extension is up to £21.5 million (€23.4 million).
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