Seven pharma companies offer up compounds to UK researchers
UK researchers will be granted access to a ‘virtual library’ of deprioritized pharmaceutical compounds through a new partnership between the Medical Research Council (MRC) and seven global drug companies, announced today by Business Secretary Vince Cable.
AstraZeneca (LSE: AZN), GlaxoSmithKline (LSE: GSK), Janssen Research & Development, a unit of Johnson & Johnson (NYSE: JNJ), Eli Lilly (NYSE: LLY), Pfizer (NYSE: PFE), Takeda (TYO: 4502) and UCB (Euronext: UCB) will each offer up a number of their deprioritized molecules for use in new studies to improve our understanding of a range of diseases, with a view to developing more effective treatments.
The compounds have undergone some degree of industry development, but have all stalled at some point in early testing – often because they are not sufficiently effective against the disease in question. However, they may still be useful against other diseases with shared biological pathways.
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