SAN DIEGO (July 30, 2013) La Jolla Institute for Allergy and Immunology and Kyowa Hakko Kirin California, Inc. (KKC), a wholly-owned subsidiary of Kyowa Hakko Kirin Co., Ltd. (KHK) , a global specialty pharmaceutical company, today announced the signing of a new agreement that marks another milestone in one of the most enduring industry-academic collaborations in the world.
The six-year agreement continues a research alliance spanning more than two decades between La Jolla Institute, an academic nonprofit and a world leader in immunology research, and KKC, one of Kyowa Hakko Kirin's research and development centers in the United States. The collaboration leverages the pharmaceutical company's discovery and development capabilities and La Jolla Institute's expertise in basic research to accelerate translation of research discoveries into potential new treatments.
Under the terms of the agreement, La Jolla Institute will receive a combination of discretionary research funding, and funds dedicated to specific projects to be selected by a steering committee of La Jolla Institute and Kyowa Hakko Kirin leaders. The research funding agreement will span through the end of 2018. Kyowa Hakko Kirin California will receive first rights of negotiation to pursue translation of La Jolla Institute discoveries, stemming from research projects funded by KKC.
La Jolla Institute Chief Business Officer Patrick Ho says the agreement is a win-win for both parties. "La Jolla Institute benefits from the added funding to support research that may eventually make its way into KHK's pharmaceutical research and development pipeline," says Ho. "No doubt this collaboration is exceptional and stands apart among the Institute's agreements with pharmaceutical companies."
Mitchell Kronenberg, Ph.D., La Jolla Institute president & chief scientific officer, says the contract "continues the long tradition of scientific excellence and mutual respe
|Contact: Bonnie Ward|
La Jolla Institute for Allergy and Immunology