Navigation Links
Drug development venture links translational research, business to launch new therapeutics

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
Emory Health Sciences

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:
(Date:10/29/2015)... Oct. 29, 2015  Rubicon Genomics, Inc., today ... distribution of its DNA library preparation products, including ... new ThruPLEX Plasma-seq kit. ThruPLEX Plasma-seq has been ... of NGS libraries for liquid biopsies--the analysis of ... prognostic applications in cancer and other conditions. Eurofins ...
(Date:10/29/2015)... , Oct. 29, 2015 Today, ... announced a partnership with 2XU, a global leader ... deliver a smart hat with advanced bio-sensing technology. ... other athletes to monitor key biometrics to improve ... strategic partnership, the two companies will bring together the ...
(Date:10/27/2015)... Calif. , Oct. 27, 2015 Synaptics Inc. ... solutions, today announced that Google has adopted the Synaptics ... touch controller solutions to power its newest flagship smartphones, ... by Huawei. --> ... like Google to provide strategic collaboration in the joint ...
Breaking Biology News(10 mins):
(Date:11/24/2015)... 24, 2015  Asia-Pacific (APAC) holds the third-largest ... market. The trend of outsourcing to low-cost locations ... higher volume share for the region in the ... margins in the CRO industry will improve. ... ( ), finds that the market earned ...
(Date:11/24/2015)... ... 24, 2015 , ... Copper is an essential micronutrient that ... proteins, copper is also toxic to cells. With a $1.3 million award from ... conduct a systematic study of copper in the bacteria Pseudomonas aeruginosa (P. aeruginosa), ...
(Date:11/24/2015)... ... November 24, 2015 , ... This fall, global software solutions leader SAP and ... to develop and pitch their BIG ideas to improve health and wellness in their ... votes to win the title of SAP's Teen Innovator, an all-expenses paid trip to ...
(Date:11/24/2015)... , Nov. 24, 2015 /PRNewswire/ - Aeterna Zentaris ... today that the remaining 11,000 post-share consolidation (or ... Warrants (the "Series B Warrants") subject to the ... on November 23, 2015, which will result in ... giving effect to the issuance of such shares, ...
Breaking Biology Technology: