Proteros biostructures GmbH
Proteros Achieves Key Milestone in Janssen Lead Discovery Collaboration
Proteros biostructures GmbH / Key word(s): Alliance PRESS RELEASE Proteros Achieves Key Milestone in Janssen Lead Discovery Collaboration Martinsried/Munich, Germany – 18 May 2015 – Proteros biostructures GmbH (“Proteros”) announced today it had achieved an important milestone in a lead discovery collaboration with Janssen Pharmaceutica NV (“Janssen”) triggering an undisclosed payment to Proteros. Proteros has collaborated with Janssen for over a decade supporting numerous projects across all therapeutic areas. The objective of this oncology focused project was for Proteros to discover potent and selective small molecule inhibitor series against a novel protein target. Based on the establishment of a de novo X-ray crystallography system, HTS screening and biophysical assay technology of the novel target Proteros delivered multiple chemical series meeting stringent compound criteria. Dr. Peter Reinemer, Chief Operating Officer for Proteros, stated: “We are very pleased to be Janssen’s partner in one of their oncology discovery programs and that we have been able to deliver new compound classes for a challenging novel drug target.” About Proteros biostructures
2015-05-18 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
358043 2015-05-18 |