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Jubilant Organosys, UAB and Southern Research Enter Into Drug Discovery Joint Venture
Date:11/23/2009

BIRMINGHAM, Ala. and NOIDA, India, Nov. 23 /PRNewswire-USNewswire/ -- Jubilant Organosys, the University of Alabama at Birmingham (UAB), and Southern Research Institute today announced a joint venture that will focus on leveraging their collective innovation and enabling technologies in the areas of Oncology, Metabolic Disease and Infectious Diseases. It is a unique U.S.-India arbitraged and leveraged partnership that will accelerate the development of affordable therapies for patients worldwide. A Memorandum of Understanding was signed today in Washington, DC. Key components of the agreement include:

  • Selecting the most promising biological targets discovered by biomedical researchers at UAB, Southern Research and Jubilant;
  • Developing new drugs around these targets through work performed at UAB and Southern Research, and Jubilant in India;
  • Using early research data to secure federal funding to create new research jobs;
  • Developing drugs through Preclinical and or Phase 2 clinical trials to maximize value to potential licensees, and securing partnerships with the pharmaceutical industry; and,
  • Licensing drugs to the pharmaceutical industry with revenues distributed to investment participants in milestone payments and royalty streams.

Commenting on the development Shyam S. Bhartia, Chairman and Managing Director, and Hari S Bhartia, Co-chairman and Managing Director, Jubilant Organosys, said, "This novel academic and industrial collaboration demonstrates our commitment to partner with globally renowned academia in order to identify and deliver affordable innovation and healthcare solutions to the patients worldwide. We are happy to join hands with UAB and Southern Research Institute, known for its strengths in the areas of oncology, metabolic disease and infectious diseases. The collective innovation capabilities of this partnership further augments our mission to be
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