BioSeek Signs Agreement with Cellzome
September 23 2010 - 2:00AM
UK Regulatory
TIDMATD
RNS Number : 1570T
Asterand PLC
23 September 2010
+-------------------------------------+--------------------------------+
| For Immediate Release | 23 September 2010 |
+-------------------------------------+--------------------------------+
Asterand's Subsidiary BioSeek Signs Agreement with Cellzome
Two Year Deal Provides Cellzome with Access to BioSeek's BioMAP Platform
Asterand plc (LSE: ATD), a leading provider of human tissue and human
tissue-based research services to pharmaceutical and biotechnology companies
engaged in drug discovery research, today announced that its subsidiary BioSeek,
LLC, a pioneer in the application of predictive human biology to drug discovery,
has signed a two-year agreement with Cellzome.
Under the agreement, BioSeek will apply its unique BioMAP predictive human
disease models to support and advance Cellzome's discovery projects in the
treatment of inflammatory diseases.
Oliver Rausch, Vice President Biology at Cellzome , noted:
"We are delighted to partner with BioSeek for access to their proprietary human
biology models. The BioMAP platform will allow us to receive early insight into
the human pharmacological and toxicological properties of our small molecules,
enabling us to develop safer and more effective treatments for inflammation."
Asterand's CEO, Martyn Coombs, commented:
"We are honoured that Cellzome has chosen BioSeek to support their drug
discovery and development programmes. Our BioMAP platform is uniquely suited
for predicting possible human clinical responses of the small molecules Cellzome
identifies with its proprietary screening and profiling technologies,
Kinobeads(TM) and EpisphereTM. Our team looks forward to working with Cellzome
scientists on the advancement of new innovative treatments for inflammatory
diseases. We are also delighted with BioSeek's performance since being
successfully integrated earlier this year and this is clearly demonstrated by
the Cellzome agreement, the fifth collaboration agreement signed this year."
Contacts:
Asterand plc
Martyn Coombs, Chief Executive Officer Tel: + 44
(0) 1763 211 600 /
+ 1 (313) 263-0960
John Stchur, Chief Financial Officer As
above
Cellzome
Oliver Rausch, VP Biology
Tel: +44 (0)1799 532805
Buchanan Communications
Lisa Baderoon / Mark Court / Isabel Podda Tel: +44
(0) 20 7466 5000
Daniel Stewart & Company plc
Martin Lampshire
Tel: +44 (0) 20 7776 6550
About ASTERAND
Asterand plc is a leading supplier of high quality human tissue and tissue-based
services. Our comprehensive approach to human tissue and research services
offers pharmaceutical, biotech and diagnostic companies the unique opportunity
to have one company meet all of their human biomaterial needs along the
continuum of drug discovery and development. Our mission is to accelerate target
discovery and compound validation and enable pharmaceutical and biotechnology
companies to take safer and more effective drugs into the market. For more
information about Asterand or BioSeek, go to www.asterand.com.
About Cellzome
Cellzome is a privately-owned drug discovery and development company, and a
leader in the use of chemical proteomics technologies to identify a new
generation of drug candidates for the treatment of inflammatory diseases. Its
pipeline of small-molecule therapeutics is driven by Kinobeads(TM), a
proprietary technology for screening and profiling kinases in their
physiological context. We have developed a new technology, called Episphere(TM)
to address epigenetic targets in disease-specific protein complexes. The
Company's goal is to identify oral therapeutics for inflammatory diseases such
as rheumatoid arthritis, multiple sclerosis, and inflammatory bowel disease.
Cellzome has two strategic alliances with GSK to discover and develop drugs to
treat inflammatory diseases, the first in the field of kinase-targeted
therapeutics and the second in the field of epigenetics.
Cellzome's holding company is domiciled in the US and it employs about 90 people
at its two R&D laboratories in Cambridge, UK and Heidelberg, Germany. To learn
more about Cellzome, please visit the website: www.cellzome.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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