RESEARCH TRIANGLE PARK, N.C., Oct. 20 /PRNewswire/ -- Norak Biosciences, Inc. announced today the signing of a research agreement with Curis, Inc. to investigate the use of its Transfluor(R) technology with a novel class of receptors of interest to Curis. Under terms of the agreement, Norak will utilize its proprietary Transfluor Technology, related intellectual property and scientific expertise to developed Transfluor cell lines expressing Curis' receptors. Financial details of the agreement are not disclosed.
"We are pleased to partner with Curis to develop assays for an important receptor class," stated Dr. Roger D. Blevins, Norak's President and CEO. "To date, we have partnered Transfluor(R) with 10 pharmaceutical, biotechnology or major research institutions and it is gratifying to see the interest in our technology by Curis and others in the pursuit of innovative medicines."
For near-term growth and revenue, Norak is offering access to its technologies to the drug discovery industry via licensing and screening collaborations. For long-term growth and value, Norak has internal GPCR drug development programs based on novel GPCR targets and compounds.
Norak's Transfluor technology is a patented, universal GPCR drug discovery technology designed to be the most direct and accurate method for screening potential drug candidates against GPCR targets, whether known or orphan. Transfluor was licensed in 1999 by Norak from technology developed at Duke University Medical Center and represents the combined research into GPCR signaling pathways over several decades by Norak's scientific founders, Drs. Marc Caron, Robert Lefkowitz, and Larry Barak.
Norak Biosciences, Inc., headquartered in Research Triangle Park, NC, is a private venture-capital backed biotechnology company. Norak is utilizing its proprietary Transfluor technology to become a world leader in the discovery and development of drugs that regulate G protein-coupled receptors.
For more information about Norak Biosciences, Inc., please visit the Company's website at http://www.norakbio.com/ .
Contact: Terry E. Willard Executive Vice President Norak Biosciences, Inc. 7030 Kit Creek Road Morrisville, NC 27560 Phone: 919-248-8000 ext. 8804 Fax: 919-248-8033 email@example.com
Norak Biosciences, Inc.
CONTACT: Terry E. Willard, Executive Vice President of NorakBiosciences, Inc., +1-919-248-8000 ext. 8804, or Fax, +1-919-248-8033, firstname.lastname@example.org