Alchemia announces multi-target drug discovery collaboration with AstraZeneca on VAST discovery platform
Posted: 23 April 2013 | | No comments yet
Alchemia has signed a multi-target, drug discovery collaboration with AstraZeneca…
Alchemia Limited (ASX:ACL), a drug discovery and development company, today announces that it has signed a multi-target, drug discovery collaboration with AstraZeneca AB (AstraZeneca).
This collaboration includes the use of the proprietary Diversity Scanning Array (DSA) and associated Versatile Assembly on Stable Templates (VAST) chemistry platform to discover and develop novel small molecules against multiple AstraZeneca targets. Alchemia will provide VAST chemistry expertise to develop small molecule clinical candidates for AstraZeneca. By accessing Alchemia’s VAST discovery platform, AstraZeneca will seek novel small molecules to treat diseases across a variety of therapeutic areas including oncology, respiratory, cardiovascular, metabolism, infection and neuroscience.
“We are excited to work alongside AstraZeneca’s teams to explore the applications of our proprietary VAST technology against a range of targets,” said Dr. Wim Meutermans, VP of Discovery at Alchemia and co-inventor of the VAST platform.
“This collaboration has the potential to demonstrate the unique capabilities and value of VAST and is a pivotal step in the commercialization of both the DSA and the VAST platform. I look forward to developing a strong and productive alliance with AstraZeneca over the coming years.”
“Alchemia’s DSA library and expertise in carbohydrate chemistry are welcome additions to our small molecule corporate collection and early discovery hit finding activities,” said Mike Snowden, Head of Discovery Sciences at AstraZeneca. “We are looking forward to working with Alchemia to maximise the potential of this novel platform in early phase drug discovery at AstraZeneca.”
Under the terms of this Agreement, Alchemia will receive an undisclosed upfront payment and is eligible for potential preclinical, clinical and commercial launch payments totalling up to $240M, as well as a single digit royalty.
About VAST
Alchemia has designed a suite of novel compounds that scans three dimensional molecular shapes and peptidomimetic functionality termed the Diversity Scanning Array (DSA). This array contains over 14,000 unique compounds related by their shape (chemoform) and/or by their functionality (motif, three binding elements). The DSA forms the basis for Alchemia’s VAST discovery platform which, when screened in high throughput screening (HTS), can identify the shape and binding elements required for target modulation. Hits from the DSA are related by shape and/or functionality and thus provide detailed structure activity relationships for rapid optimisation.
