Navigation Links
Drug development venture links translational research, business to launch new therapeutics
Date:6/12/2013

Emory University today announced an innovative new public-private drug development enterprise that will transition scientific discoveries more rapidly and efficiently from university laboratories into the marketplace. The new venture is expected to provide global solutions to address worldwide drug development and commercialization needs.

Drug Innovation Ventures at Emory, LLC (DRIVE) is a not-for-profit company separate from, but wholly owned by Emory. DRIVE will expand the capabilities of traditional academic drug research by combining the expertise of Emory scientists and their unprecedented record of innovation and success in drug discovery with a world-renowned development, business and management team of industry leaders.

DRIVE will provide the financial, business, project management and regulatory expertise to effectively move drugs through lead optimization and pre-clinical testing a stage of drug development often termed the "Valley of Death" -- and into proof-of-concept clinical trials. Technologies with added value can then be out-licensed to pharmaceutical and biotechnology companies, partnered with foundations or government entities, or spun-out into newly formed companies financed by venture capital firms.

DRIVE is the first initiative to be established within Emory Innovations, Inc., a newly created 501(c)(3) corporation that will serve as the home for innovative new enterprises, with the mission of supporting and enhancing the goals of Emory University.

"Emory's unprecedented record of success in drug discovery creates an excellent opportunity to pursue an innovative new venture for translating scientific discoveries into therapeutics for unmet medical needs," says Emory President James Wagner. "This financially self-sustaining public-private enterprise fits within Emory's vision of working collaboratively for positive transformation in the world through discoveries that are of global benefit."

DRIVE will function as the "industrial partner" of the Emory Institute for Drug Development (EIDD). Established in 2009, EIDD has an experienced drug development team, equipment and laboratory facilities necessary to transition drug discovery efforts into preclinical and clinical molecules.

"The traditional pharmaceutical research and development operating model is no longer sustainable," says Dennis Liotta, PhD, founder of the Emory Institute for Drug Development (EIDD) and co-inventor of multiple approved drugs. "The marked decrease in the development of new therapeutics is having a uniformly negative effect on global health and threatens life expectancy, quality of life, economic development and national security. Emory's new public-private enterprise is a bold new approach that can help solve this problem."

DRIVE will finance its initial efforts with $10 million in funding received from the monetization of royalties associated with HIV drug emtricitabine (Emtriva) and additional funding from governmental agencies, partner institutions, as well as contributions from philanthropic and investment groups. The new enterprise will also invest Emory's share of financial gains from technology transfer into research, education and patient care.


'/>"/>

Contact: Holly Korschun
hkorsch@emory.edu
404-727-3990
Emory Health Sciences
Source:Eurekalert

Related biology news :

1. Dads life stress exposure can affect offspring brain development, Penn Study finds
2. Stem cells reach standard for use in drug development
3. DigitalPersona Announces U.are.U Software Development Kit (SDK) for Android Applications
4. Researchers discover how brain circuits can become miswired during development
5. Carnegie Mellon neuroscientists discover new phase of synaptic development
6. Evonik Industries Selects OPX Biotechnologies for Joint Development of Bio-Based Chemicals
7. Turning human stem cells into brain cells sheds light on neural development
8. Turtle genome analysis sheds light on the development and evolution of turtle-specific body plan
9. Developmental neurobiology: How the brain folds to fit
10. Particular DNA changes linked with prostate cancer development and lethality
11. Development of novel therapies for endothelial damage may heal atherosclerotic plaques
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/13/2017)... According to a new market research report "Consumer IAM Market by ... Service, Authentication Type, Deployment Mode, Vertical, and Region - Global Forecast to ... USD 14.30 Billion in 2017 to USD 31.75 Billion by 2022, at ... ... MarketsandMarkets Logo ...
(Date:4/6/2017)... April 6, 2017 Forecasts by ... Document Readers, by End-Use (Transportation & Logistics, Government & ... Gas & Fossil Generation Facility, Nuclear Power), Industrial, Retail, ... Are you looking for a definitive report ... ...
(Date:4/3/2017)...  Data captured by IsoCode, IsoPlexis Corporation,s ... statistically significant association between the potency of ... objective response of cancer patients post-treatment. The ... cancer patients will respond to CAR-T cell ... to improve both pre-infusion potency testing and cell ...
Breaking Biology News(10 mins):
(Date:9/15/2017)... ... September 15, 2017 , ... San Diego based graphene materials ... B’ round of financing, totaling $600,000. The round was entirely filled by ... structure at a company valuation of $10M. , Grolltex, short for ...
(Date:9/14/2017)... UK (PRWEB) , ... September 14, 2017 , ... ... most innovative minds in pharma and biotech at the third annual DrugDev Summit, ... conference that brings together the world’s most progressive clinical research leaders for best ...
(Date:9/14/2017)... ... September 14, 2017 , ... Boston ... extensive experience with Health Economics and Outcomes Research (HEOR) and ‘big data’ to ... In 2014, US healthcare spending exceeded $3.0 trillion with nearly 1/3 spent on ...
(Date:9/14/2017)... ... 14, 2017 , ... One of the world’s largest World Marrow Donor Day ... hours that day, the GenCure Marrow Donor Program will be signing up potential donors ... in San Antonio. , The registration tables will be staffed by employees from all ...
Breaking Biology Technology: