Date: 2014-03-06
Type of information: R&D agreement
Compound:
Company: AstraZeneca (UK) - Korea Health Industry Development Institute (South Korea)
Therapeutic area: Cancer - Oncology
Type agreement: R&D
Action mechanism:
Disease:
Details: * On March 6, 2014, AstraZeneca has announced that it has signed a memorandum of understanding (MOU) with the Korea Health Industry Development Institute (KHIDI) to establish an Oncology Research Programme. Under the programme, AstraZeneca will provide support for 12 early-stage translational research projects by Korean investigators’ in the field of oncology. Through this programme, AstraZeneca and KHIDI aim to contribute to the development of new treatments for Korean cancer patients.
Under the MOU, AstraZeneca in collaboration with KHIDI, will invite early-stage research project applications from oncology investigators based at research hospitals across the country. Proposed topics should be focused on oncology translational research, with pre-proposals submitted via the KHIDI website (www.khidi.or.kr) by 15 April 2014. AstraZeneca’s Oncology iMed will review and select four pre-proposals by May 2014. The shortlisted investigators will each receive research funding from AstraZeneca via their respective institutes and gain priority access to a specified list of AstraZeneca compounds for pre-clinical testing, as part of AstraZeneca’s open innovation platform. The successful researchers will also benefit from technological advice, collaboration and networking with AstraZeneca oncology scientists globally.
AstraZeneca was the first multinational pharmaceutical company to sign an MOU with Ministry of Health and Welfare (MOHW) in 2006 for R&D and clinical exchanges. The company has also conducted several activities such as the Virtual Research Institute project in cooperation with KHIDI to support basic research among Korean scientists. In 2011, the company signed a second MOU with MOHW - Partnering with Korea - to continue its long-term partnership with the Korean healthcare community.
Financial terms: Financial details of the agreement were not disclosed.
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