Cancer deal struck with Merck
9 Feb 2018 by Evoluted New Media
Cancer Research UK and The Institute of Cancer Research have announced a multi-project collaboration deal with Merck to discover and develop new anticancer drugs.
The parties will collaborate on three independent research projects spanning target hit discovery to preclinical candidate nomination. This work will progress the discovery and development of potential cancer drugs, as well as develop biomarkers for target engagement and patient selection.
Professor Raj Chopra, director of the Cancer Research UK Cancer Therapeutics Unit at The Institute of Cancer Research, London, said: “We are delighted to be joining forces with Merck to accelerate the ICR’s world-leading research in understanding cancer pathways, identifying drug targets and discovering cancer drugs. We hope that through the diverse projects in this collaboration, we can identify molecules that are effective against a number of different tumour types. Together we can create innovative new treatments for the benefit of patients.”
Under the terms of the deal, Merck has worldwide rights to take molecules discovered through the collaboration forward into clinical development. Cancer Research UK and the ICR will receive milestone payments based on the achievement of research and development, regulatory and sales goals plus royalty payments on net sales of future products discovered or developed under the agreement. Any payments made to Cancer Research UK and ICR will be invested into future lifesaving research.
