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MRC Technology Sells Its Melanocortin Receptors Programme To Pfizer Inc. (PFE)


6/18/2014 9:22:27 AM

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Small molecules developed in collaboration with Queen Mary University of London

London, UK, 18 June 2014: MRC Technology, a technology transfer organisation, announced today that it has sold to Pfizer Inc. its melanocortin receptors (MCRs) programme, which includes a set of small molecules. Targets for these small molecules came to the attention of MRC Technology from Mauro Perretti, Professor of Immunopharmacology at Queen Mary University of London (QMUL), and MRC Technology ran a screening programme in collaboration with QMUL. MCRs have a wide and varied distribution throughout the body, being found in the central nervous system, periphery and immune cells.

The undisclosed financial consideration received by MRC Technology from this transaction with Pfizer will be shared with QMUL’s William Harvey Research Institute, of which Professor Perretti is Co-Director. Under MRC Technology’s not-for-profit collaborative model, revenue retained from this transaction will be reinvested to support other collaborative programmes within its drug discovery labs.

“We believe MCRs have significant therapeutic potential and we are delighted to have completed this transaction with Pfizer,” commented Professor Justin Bryans, Director of Drug Discovery at MRC Technology. “This transaction and similar ones will enable MRC Technology to reinvest in its drug discovery programmes focussed on areas of unmet medical need.”

“We are pleased to have acquired novel early-stage compounds discovered by MRC Technology,” said Tim Rolph, Vice President and Chief Scientific Officer of Cardiovascular, Metabolic & Endocrine Disease Research at Pfizer Inc. “Through research and development efforts, we hope to identify a potential new medicine to treat those who are genetically susceptible to certain diseases and associated morbidities.”

“As an academic pharmacologist, it is truly rewarding to see more than a decade’s work lead to a fascinating collaboration with MRC Technology and to this agreement with Pfizer. This is truly within the translational spirit of the research conducted at QMUL,” added Professor Perretti.

ENDS

Notes to Editors:

Contacts
Media enquiries
Sarah Jeffery
Zyme Communications
E-mail: sarah.jeffery@zymecommunications.com
Phone: +44 (0) 7771 730919

At MRC Technology
Suzy Hargreaves
Marketing & Communications Officer
E-mail: shargreaves@tech.mrc.ac.uk
Phone: +44 (0)20 7391 2798

About MRC Technology
MRC Technology (www.mrctechnology.org) is an independent life science technology transfer charity, offering professional services to organisations within the academic, charity, biotechnology and pharmaceutical sectors globally. Services include IP management and research and development for diagnostics, small molecules and therapeutic antibodies. MRC Technology bridges the gap between basic medical research and commercialisation, helping early discoveries progress to clinical application.

About Queen Mary University of London
Queen Mary University of London (www.qmul.ac.uk) is among the UK's leading research-intensive higher education institutions, with five campuses in the capital: Mile End, Whitechapel, Charterhouse Square, West Smithfield and Lincoln’s Inn Fields.

A member of the Russell Group, Queen Mary is also one of the largest of the colleges of the University of London, with 17,800 students - 20 per cent of whom are from more than 150 countries.

Some 4,000 staff deliver world-class degrees and research across 21 departments, within three Faculties: Science and Engineering; Humanities and Social Sciences; and the School of Medicine and Dentistry.

Queen Mary has an annual turnover of £350m, research income worth £100m, and generates employment and output worth £700m to the UK economy each year.

Unique for London universities, Queen Mary has an integrated residential campus in Mile End - a 2,000-bed award-winning Student Village overlooking the scenic Regents Canal.

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