HOME >> BIOLOGY >> NEWS
Multi-million dollar deal to benefit medical research

The drug, HUMIRA, is so far used to treat rheumatoid arthritis but has other applications in the pipeline. The Scripps Research Institute and the American company, Stratagene will share US$64m as part of the agreement.

The technology, developed by the MRC Laboratory of Molecular Biology, was the basis for the setting up of Cambridge Antibody Technology Ltd in 1990 as a business.

The American pharmaceutical company, Abbott has agreed to pay (via Cambridge Antibody Technology) US$255 million in place of the future royalties the MRC, Scripps Research and Stratagene would have received on sales of HUMIRA. In addition, Cambridge Antibody Technology will pay the MRC a further US$7.5m over five years from 2006, providing that HUMIRA remains on the market.

The MRC patents cover a series of inventions made by Sir Gregory Winter and his colleagues at the MRC Laboratory of Molecular Biology during the late 1980s and early 1990s for making 'human monoclonal antibodies'.

Sir Gregory commented "Our inventions originated from pure curiosity-driven and long-term basic research funded at the Laboratory of Molecular Biology by the MRC. Provided such research is intelligently and quickly exploited, it can pay handsome dividends for medicine, UK industry and human health. It can also generate considerable royalty income, which ploughed back into science will help generate the medicines and industries of the future."

Professor Colin Blakemore, the MRC Chief Executive added "This deal is great news for British science. It shows the wonderful achievements that can be won for human health when the Medical Research Council works with industry. It also gives the UK an opportunity to reap the rewards from our past discoveries to make the fullest possible investment in future science. The agreement will help us give our scientists new research facilities and the best laboratories. We also want to invest in initiatives which will help us to translat
'"/>

Contact: Keith McKeown
kmckeown@scripps.edu
858-784-8134
Scripps Research Institute
26-Oct-2005


Page: 1 2

Related biology news :

1. Multi-million dollar machines promise bright future for medical research
2. Multi-million pound UK Biobank underway
3. Rutgers, Penn researchers capture research dollars to improve prostate cancer diagnostic methods
4. Yales Strobel named million-dollar professor for science teaching innovation
5. UC Davis external funding passes half billion dollars
6. TGen and NAU awarded multi-million dollar grant to identify genetic signatures of pathogens
7. OneWorld Health receives multimillion dollar grant for next steps in control of deadly disease
8. Tiny particles could solve billion-dollar problem
9. National Academy of Engineering announces million-dollar challenge to provide safe drinking water
10. Cranfield collaborator receives multi million dollar financing
11. Cardio exercise benefits in male vs. female hearts

Post Your Comments:
*Name:
*Comment:
*Email:
TAG: Multi million dollar deal benefit medical research

(Date:5/18/2013)... Orlando, FL (May 18, 2013) An increasing ... that require interventions to resolve, according to research ... In one study targeting obesity, researchers at the ... have a unique pattern of exhaled breath compared ... in volatile organic compound levels that can be ...
(Date:5/17/2013)... interaction of a group of proteins in the brain ... a new target that could increase cell survival. , ... of Biochemistry and published in the EMBO journal ... lead to new therapies for stroke and other brain ... the team which identified a protein, known as SUMO, ...
(Date:5/17/2013)... team of scientists using a new X-ray method recorded ... frog embryo in greater detail than ever before., This ... and the search for new treatments for genetic diseases., ... Technologie in Germany, in collaboration with the Advanced Photon ... Laboratory, released the most precise depiction ever of the ...
Breaking Biology News(10 mins):New research identifies risks, interventions for children's GI health 2New research identifies risks, interventions for children's GI health 3SUMO wrestling cells reveal new protective mechanism target for stroke 2New X-ray method shows how frog embryos could help thwart disease 2
(Date:5/17/2013)... occurs when the transplant recipient,s immune system identifies the ... was previously thought that T cells, the immune cells ... known as chemokines in order to migrate to the ... of Clinical Investigation , Fadi Lakkis and colleagues at ... chemokine stimulation of T cells is not required for ...
(Date:5/17/2013)... 2013 - Elsevier, a world-leading provider of scientific, technical ... publication of a recent study in Reproductive ... showing that those with an abnormal chromosomal composition can ... developed to blastocysts, thereby classifying the risk of genetic ... same group has undertaken a retrospective study, using their ...
(Date:5/17/2013)... 17, 2013 •    First of its kind ... sustainability ,     New facility will help solve crop ... Syngenta unveiled its new crop research facility ... RTP Innovation Center. The first of its kind, $72 ... any agricultural climate and precisely measure plant inputs – ...
(Date:5/17/2013)... 17, 2013  Cellular Biomedicine Group (OTCQB: CBMG) ... of the total projected enrollment required for its ... preliminary efficacy of the medical technology haMPC (Human ... (KOA). To date the trial has had no ... Phase I open label clinical research trial for ...
Breaking Biology Technology:Breakthrough for IVF? 2Breakthrough for IVF? 3Syngenta Opens Unique $72 Million Advanced Crop Lab 2Syngenta Opens Unique $72 Million Advanced Crop Lab 3Cellular Biomedicine Group Achieves 50% Enrollment Milestone in Phase I Clinical Trial for Knee Osteoarthritis 2
Cached News: