AMGEN FINDS NEW PARTNER.Byline: Gregory J. Wilcox Staff Writer THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. - Amgen Inc., the world's largest biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. company, took on a new partner Thursday in its search for new drugs and broadened a relationship created last month. Amgen, based in Thousand Oaks, will collaborate with Acadia Pharmaceuticals of San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. to discover novel small molecule drugs. This could lead to pills to fight a variety of maladies and to a $20 million-plus payday for Acadia. The deal gives Amgen access to Acadia's proprietary chemical-genomics platform. ``We are pleased to integrate Acadia's innovative approach into our small molecule drug discovery efforts and we look forward to working with them to discover potential new therapeutics therapeutics Treatment and care to combat disease or alleviate pain or injury. Its tools include drugs, surgery, radiation therapy, mechanical devices, diet, and psychiatry. for areas of large, unmet un·met adj. Not satisfied or fulfilled: unmet demands. medical need,'' Roger Perlmutter, Amgen's executive vice president of research and development, said in a statement. The partnership allows Amgen to develop and commercialize drugs using Acadia's technology. Acadia will receive research funding Research funding is a term generally covering any funding for scientific research, in the areas of both "hard" science and technology and social science. The term often connotes funding obtained through a competitive process, in which potential research projects are evaluated and and other remuneration REMUNERATION. Reward; recompense; salary. Dig. 17, 1, 7. if a successful drug is developed. The companies would not disclose what diseases they were targeting, said Amgen spokeswoman Rebecca Hamm. Amgen thinks Acadia is a good strategic partner because the company's technology allows research into massive amounts of drug targets at one time, she said. Douglas E. Richards, Acadia's vice president of business development, said partnering with Amgen is the best way to get the most out of his company's product. ``Our platform has been so productive we just don't have enough resources to be able to fully address all of the assets. Our plan is to partner with really strong companies like Amgen to leverage this platform,'' he said. Amgen also expanded on a three-year drug discovery deal established last month with Carlsbad-based Isis Pharmaceuticals Inc. Thursday's deal gives Amgen access to some of Isis' intellectual property, including patents. Neither company has disclosed the terms of either transaction or said what diseases they are targeting. Isis is working on a new genetic technology called antisense antisense, DNA or RNA manipulated in a laboratory so that its components (nucleotides) form a complementary copy of normal, or "sense," messenger RNA (mRNA; see nucleic acid). , which will stop disease at an earlier stage than traditional drugs. An antisense inhibitor inhibitor /in·hib·i·tor/ (in-hib´i-tor) 1. any substance that interferes with a chemical reaction, growth, or other biologic activity. 2. is a synthetic DNA-like drug molecule. These molecules bind to genes to stop them from producing damaging proteins. It is not a new concept; the scientific community has been working on it for about 30 years. However, Isis believes it is poised for a breakthrough that will lead to commercialization. Richard K. Brown, president of GeneTrove, the Isis division working on the antisense project, said the partnership is a result of all the work being done on human gene research. ``Antisense is now very high developed. People have all this gene-based information they didn't have a couple of years ago,'' he said. Terms of the expanded agreement call for Isis to help Amgen identify the role of specific genes and determine which of those genes are good targets for drug discovery. Biotechnology industry analyst Douglas A. Christopher at Crowell Weedon in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. said neither agreement is surprising. ``Any of these agreements they make I'd say are healthy for both sides. It's part of (Amgen's) research and development plan,'' he said. |
|
||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion