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Bayer and the Broad Institute Join Forces to Develop Novel Treatment Options in Cancer Therapy
Date:9/10/2013

t tumor mutations will allow for the development of more personalized cancer treatments.

"We look forward to working together with our Bayer colleagues to translate scientific discoveries into novel cancer therapeutics," said Professor Eric Lander, President and Director of Broad Institute. "The Broad's deep expertise and knowledge in cancer genomics, chemical biology and drug discovery perfectly complement Bayer's decades of experience in pharmaceutical development. We are thrilled to be working with Bayer in such a visionary collaboration."

As part of the collaboration, the Broad Institute will share its oncogenomic expertise.  Both parties will explore their compound libraries and use their screening platforms as well as medicinal chemistry expertise to benefit joint projects. The collaboration will be based on joint decision making and the rights to the research findings are shared equally between the partners. Joint Research and Joint Steering Committees will be established for the initiation and selection of projects and as governance structures. Bayer will have an option for an exclusive license for therapeutic agents at preclinical development stage. Financial terms of the agreement were not disclosed.

About the Broad Institute of Harvard and MIT
The Eli and Edythe L. Broad Institute of Harvard and MIT was launched in 2004 to empower the generation of creative scientists to transform medicine. The Broad Institute seeks to describe all the molecular components of life and their connections; discover the molecular basis of major human diseases; develop effective new approaches to diagnostics and therapeutics; and disseminate discoveries, tools, methods and data openly to the entire scientific community.

Founded by MIT, Harvard and its affiliated hospitals, and the visionary Los Angeles philanthropists Eli and Edythe L. Broad, the Broad Inst
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SOURCE Bayer HealthCare
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