deCODE chemistry & deCODE biostructures and UCB, Inc. (UCBJF.PK) Announce a Collaboration to Discover and Develop Novel Anti-Inflammatory Drugs
2/9/2009 12:55:32 PM
February 9, 2009 (Woodridge, IL and Bainbridge Island, WA)
deCODE chemistry & biostructures (Woodridge, IL and Bainbridge Island, WA) announced today the initiation of a collaboration with UCB (Brussels, Belgium). Under the terms of the deal, deCODE and UCB will collaborate on the structure-based discovery of small molecule modulators of undisclosed cytokine targets. The program will focus on integrated structure-based drug design leveraging deCODE’s Fragments of Life™ technology for lead identification and optimization. As the program advances, it may also capitalize on deCODE's expertise in ADMET and PK/PD. The financial terms of the research fee, milestone and royalty-bearing relationship were not disclosed.