Astellas and MBC BioLabs Announce Golden Ticket Competition to Help Biotech Start-ups Accelerate Early Drug Discovery and Research Efforts
TOKYO and SAN FRANCISCO, Sept. 29, 2020 /PRNewswire/ -- Astellas Venture Management (President: Kazunori Maruyama, Ph.D, "AVM"), a wholly-owned venture capital subsidiary of Astellas Pharma Inc. (TSE: 4503, President and CEO: Kenji Yasukawa, Ph.D., "Astellas") and Mission Bay Capital BioLabs ("MBC BioLabs"), a life-science incubator, today announced their second collaboration on the "Golden Ticket Competition". Building on the success of the inaugural competition held in 2019, the Golden Ticket Competition offers entrepreneurial scientists or emerging biotechnology start-ups one year's priority usage of MBC BioLabs' state-of-the-art lab facility and access to Astellas' research and development (R&D) capabilities and business leaders.
With a shared commitment to discovering and advancing innovative science for the potential future benefit of patients worldwide, AVM and MBC BioLabs are continuing their partnership to support scientists and early-stage companies to accelerate their novel therapeutic programs, modalities or platforms. For 2020, AVM is interested in all areas of discovery and new innovations for unmet medical needs, in particular the ones that have potential synergy with Astellas' Focus Area Approach.
"External innovation is vital in helping us achieve and realize our VISION of turning innovative science into VALUE for patients," said Maruyama, President, AVM. "The combination of Astellas' R&D expertise with MBC BioLabs' leading incubator capabilities creates a unique opportunity for start-ups to transform exciting ideas into real businesses that could bring value and hope to patients around the world."
"We are delighted to be partnering with Astellas for a second time," said Douglas Crawford, MBC BioLabs General Manager. "The outstanding work of the previous winners of the Astellas and MBC BioLabs Golden Tickets, AmbAgon Therapeutics and Gordian Biotechnology, is testament to what can be achieved by combining our laboratory accelerator and Astellas' enduring support, advice and expertise."
Entrepreneurial scientists, emerging life-science and biotechnology start-ups have until October 27, 2020 to enter the Golden Ticket Competition.
About the Golden Ticket Competition
Companies awarded an Astellas Golden Ticket will gain one year's priority admission or renewal to MBC BioLabs' state-of-the-art laboratory and access to Astellas' R&D scientists and business leaders. The competition is open from September 29 to October 27, 2020. Entrepreneurial scientists, emerging life-science or biotechnology start-ups should submit their non-confidential company presentation, including a one-page executive summary, to firstname.lastname@example.org to be considered. The decision to award any Golden Ticket and the assessments underlying such decision, are solely within the judgment of Astellas and MBC BioLabs and are not subject to any objection or appeal.
The 2019 Astellas Golden Ticket winners were AmbAgon Therapeutics and Gordian Biotechnology, chosen for the strength of the innovation in their approach, the therapeutic potential of their research and alignment of their novel technological platforms with Astellas' R&D Focus Areas.
For further information, please go to: www.mbcbiolabs.com, where you can also find submission guidance for your non-confidential company presentation and executive summary.
About Astellas Venture Management
About MBC BioLabs
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SOURCE Astellas Pharma Inc.
Company Codes: Tokyo:4503, OTC-PINK:ALPMY