Aurigene Discovery Technologies Ltd today announced a drug discovery deal with Danish start-up Pcovery. Under the terms of this agreement, Aurigene and Pcovery will work collaboratively to progress early hits available with Pcovery through the drug discovery cycle up to IND submission for anti-fungal indications. Aurigene will support Pcovery through its structure based discovery approaches and medicinal chemistry expertise to advance the early hits from Pcovery. Financial details of the deal have not been disclosed.
Commenting on the deal Aurigene’s CEO CSN Murthy said, “This deal demonstrates Aurigene’s pioneering position in undertaking collaborative drug discovery projects and also strengthens Aurigene’s presence in the anti-infectives space”.
Commenting on the deal Pcovery CEO Dr. Morten Jeppe Buch Pedersen says “We are truly happy to have reached a deal with Aurigene, and we believe that this agreement represents a most significant move for Pcovery. The combination of Aurigene and Pcovery, and of our shared knowledge and technology, should allow us to be able to bring innovative medicine to patients”.
Established in Bangalore, India, in 2002, Aurigene (aurigene.com) is a collaborative drug discovery company with a proven track record of successful partnerships with about 10 collaborators globally. Aurigene has a pipeline of 20 discovery programs, at various stages from Hit Generation to late-stage Pre-Clinical Optimization, and has filed multiple patents in these Discovery Programs. With proprietary Structural Biology and Fragment-based Drug Design technology platforms, and experienced scientific leadership, Aurigene is a fully integrated operation with expertise in Target Validation Biology and Hit Generation to IND nomination. Focus TAs includes oncology, inflammation, metabolic disorders, and anti-infectives.Please visit the company website for further information.
Based on in depth knowledge on the structure and biochemistry of selected membrane protein drug targets, Pcovery (pcovery.com) designs and develops original drugs and agrochemicals for diseases for which there is an unmet medical need. Placed in Copenhagen, Denmark, Pcovery is founded with vast experience in three-dimensional structural determination of membrane proteins, structure based drug development and medicinal chemistry. The core focus area of Pcovery is the development of safe and efficient broad-spectrum antifungal agents.
Morten J. Buch-Pedersen, Thorvaldsensvej 57, 1871 Frederiksberg C, Denmark
P: +45 4045 2330 / E: mbp[.]pcovery.com; busdev[.]pcovery.com.
Established in Bangalore, India, in 2002, Aurigene Discovery Technologies Ltd. is a drug discovery biotech with a proven track record of successful partnerships with big and medium-sized pharma and biotech companies globally. Aurigene has 10 drug discovery collaborations and a pipeline of 16 discovery programs at various stages, from Hit Generation to late-stage Pre-Clinical Optimization, and has filed 16 patents across 6 programs. With proprietary Structural Biology and Fragment-based Drug Design technology platforms, and experienced scientific leadership, Aurigene is a fully integrated Drug Discovery company focused on Oncology, Inflammation and Metabolic Disorders.