Takeda and Paradigm to jointly study central nervous system
A joint study of the central nervous system is to be carried out by japanese company Takeda Pharmaceutical and UK start-up Paradigm Therapeutics. The move forms part of a broader effort by Takeda to conduct joint research with other drug makers to accelerate its development of new products.
A joint study of the central nervous system is to be carried out by japanese company Takeda Pharmaceutical and UK start-up Paradigm Therapeutics. The move forms part of a broader effort by Takeda to conduct joint research with other drug makers to accelerate its development of new products.
The Japanese drug maker is reportedly paying around US$250m (Euro 208m) to Paradigm for exclusive access for three years to new proteins, which Takeda aims to use to develop new drugs related to central nervous system diseases.
In the field of cancer research, Takeda has launched a joint project with California-based Receptor BioLogix, investing an estimated $200-300m (€166-249m) through a subsidiary for rights to use study results for proteins related to breast cancer.
These agreements are in addition to extending a joint research agreement with Gene Logic to Decem-ber 2006, at a reported cost of ¥500m (€3.7m), for extended access to a database assembled by the US company, on genes related to cancer and circulatory system diseases.