EU 196 million euro drug discovery consortium launched

Pharma Times: February 17, 2013

Seven major drugmakers, including Sanofi, AstraZeneca, Bayer and Johnson & Johnson, are providing compounds to put into the European Lead Factory, a public/private project supported by the continent’s Innovative Medicines Initiative designed to speed up drug discovery.

The new five-year consortium will create a small molecule library collection allowing drug discovery on innovative and promising targets from pharma companies and academia. As well as the aforementioned companies, Lundbeck, Merck KGaA and UCB are participating, as are 23 other universities, research organisations, public bodies and non-profit groups. Read more