Nuevolution A/S and Biovitrum AB in drug discovery collaboration

14-Jun-2005

Nuevolution A/S, Denmark and Biovitrum AB, Sweden have signed a drug discovery collaboration focused on the indication area of metabolic diseases. Under the terms of the agreement, Nuevolution will use its proprietary Chemetics® drug discovery technology to find new drug leads against a disease target to be provided by Biovitrum. Nuevolution will generate several 100 million membered tailor-made Chemetics® libraries from which high-affinity and drug-like ligands will be selected. Under the terms of the agreement, Nuevolution is entitled to certain milestone payments and a share of future product sales resulting from the collaboration.

Knud Aunstrup, CEO of Nuevolution A/S, said "Nuevolution is delighted to sign this drug discovery collaboration with Biovitrum. It gives us the opportunity to demonstrate the power of our technology, working together with a biotech company that is well-known for its innovation. This transaction will also further validate the potential of our Chemetics® technology".

https://www.bionity.com/en/news/46838/nuevolution-a-s-and-biovitrum-ab-in-drug-discovery-collaboration.html