Jubilant Organosys Limited of Noida, India, the University of Alabama at Birmingham (UAB), and Birmingham-based Southern Research Institute have entered a joint venture that will leverage their collective innovation and enabling technologies in oncology, metabolic disease, and infectious diseases. According to a memorandum of understanding signed by the parties, key components of the agreement include selecting the most promising biological targets at the partner organizations, developing new drugs around these targets, using early research data to secure federal funding, securing partnerships with the pharmaceutical industry, and licensing drugs to pharmaceutical companies. “UAB has tremendous strength in research that identifies the targets — usually proteins — that contribute to the disease process,” explains Richard B. Marchase, UAB vice president for research and economic development. “Southern Research and Jubilant have the expertise, scientific work force, and equipment to take those findings and move them rapidly through the drug discovery and testing phases that lead to new commercially viable products.”
Southern Research, a nonprofit scientific research organization, has discovered and helped move seven FDA-approved cancer drugs to market, with five more drugs in late-stage preclinical and early clinical studies. Jubilant is India’s largest custom research and manufacturing services company. The firm also plans to partner with Duke University School of Medicine on drug discovery and development through its subsidiary, Jubilant Biosys Limited. The nonexclusive collaboration will apply Jubilant’s portfolio of drug development capabilities toward discoveries made at Duke. The process is designed to move early-stage translational technologies closer to clinical application, with the parties sharing revenues from successful technologies through licensing or partnership deals.
Sources: FierceBiotech and FierceBiotech