Press release
Proteros and Hutchison MediPharma enter into long-term research collaboration agreement
Martinsried, Germany, May 17, 2011. Proteros Biostructures GmbH (“Proteros”) announced today that they entered into a substantial research collaboration agreement with Hutchison MediPharma Limited (“HMP”), whereby Proteros will support HMP’s drug discovery process throughout 2011 and beyond.Under the agreement Proteros initially will provide high quality crystallography services on certain projects to support HMP’s drug discovery projects. HMP is focused on the areas of oncology and autoimmune diseases. Proteros will support HMP’s discovery research with Protein-Ligand-structure analysis throughout 2011 and beyond with selected compounds from HMP. This collaboration will significantly accelerate HMP’s drug discovery process, particularly in medicinal chemistry.
Cony D’Cruz, Chief Business Officer and President Proteros US, Inc. stated, “We are very pleased to be selected by Hutchison MediPharma to work with it on its multitude of exciting targets and we believe that our in-depth structural biology expertise is particularly suited to accelerate its efforts in its target areas.”
About Proteros:
Proteros is a privately held company that provides services and proprietary technologies to support integrated drug discovery within life sciences. The company accelerates and improves protein structure analysis, kinetic and thermodynamic compound-target interaction studies and structure-guided drug discovery with its expertise, industrialized processes and unique technologies for crystallography, screening, and fragment-based lead generation. Proteros currently provides services for more than 80 pharmaceutical and biotechnology clients in Europe, North America and Asia.
About Hutchison MediPharma:
Hutchison MediPharma is a novel pharmaceutical research & development company focused on discovering, developing and commercializing innovative therapeutics in oncology and autoimmune diseases. With a team of over 200 scientists, its pipeline includes novel oral compounds for cancer and inflammation in development in North America, Europe, Australia and Greater China.
Contact
Proteros biostructures GmbH
Kurt Herrenknecht, Ph.D.
Am Klopferspitz 19
82152 Martinsried
Germany
Phone: +49 89 7007 61 0
E-Mail: business@proteros.com
Internet: www.proteros.com
Hutchison MediPharma Limited
Building 4, 720 Cailun Road
Zhangjiang Hi-Tech Park
Shanghai, 201203
China
Phone: +86 21 5079 0088
E-Mail: BD@hmplglobal.com
Internet: www.hmplglobal.com
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