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UCSD Health Sciences partners with Pfizer to speed drug delivery
Date:8/8/2011

In an innovative collaboration designed to speed the process of drug discovery, Pfizer, Inc. and the University of California, San Diego Health Sciences announced today that UC San Diego has joined the ranks of other top-tier life science research institutions across the country as part of Pfizer's Centers for Therapeutic Innovation (CTI).

"The collaborative partnerships formed through the Centers for Therapeutic Innovation between Pfizer and academic medical centers such as UC San Diego allow leading medical and clinical experts to join with Pfizer's highly skilled scientists using Pfizer's resources and expertise and each institution's advanced drug development capabilities to speed the translation of innovative science into medicine for patients," said Jose Carlos Gutierrez-Ramos, PhD, senior vice president and head of BioTherapeutics Research and Development for Pfizer.

CTI differs from other such programs that seek to drive innovation in drug discovery by providing a non-traditional business model based on continuous collaboration and transparency, one which offers well-defined incentives for success to its participants. For example, as part of the CTI program, Pfizer will provide UC San Diego researchers access to some of its antibody libraries and technologies, as well as funding to support the pre-clinical and clinical development of sponsored programs. CTI partners receive intellectual property rights and are granted milestone payments and royalties tied to the advancement of mutually agreed-upon drug candidates. The potential value to UC San Diego over the five-year agreement could exceed $50 million.

"Public-private partnerships are increasingly important in science, especially in an era of limited federal grant support, when new resources are needed to commercialize innovations related to health care," said UC San Diego Chancellor Marye Anne Fox. "The UC San Diego-Pfizer agreement is an example of how we can work toget
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Contact: Debra Kain
ddkain@ucsd.edu
619-543-6163
University of California - San Diego
Source:Eurekalert

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