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Receptos Determines Novel GPCR Structure, Achieves Key Milestone in Collaboration with Ono Pharmaceuticals
Date:3/7/2013

SAN DIEGO, March 7, 2013 /PRNewswire/ -- Receptos, a biopharmaceutical company focused on developing therapeutic candidates directed to G-protein-coupled receptor (GPCR) targets, announced today that it has successfully determined a novel protein crystal structure of an undisclosed proprietary GPCR drug discovery target for Ono Pharmaceuticals.

In December 2011, Ono entered into a technology collaboration to access Receptos' proprietary GPCR structure determination technology platform, which enables rational drug design for the GPCR target class. The structure determination milestone represents the third significant milestone met under the terms of the collaboration, all of which have been achieved ahead of originally anticipated timelines. Financial terms were not disclosed.

"The timely delivery of a novel GPCR structure under the Ono-Receptos collaboration supports structure-based drug design efforts at Ono for an important therapeutic target," said Faheem Hasnain , President and Chief Executive Officer of Receptos. "This rapid success represents further endorsement of the robust nature of the Receptos GPCR structural biology expertise that underpins our proprietary platform technology."

"The novel GPCR structure determined through the collaboration will greatly accelerate our structure-based drug design," said Kazuhito Kawabata , Ph.D., Members of the Board of Directors, Executive Officer and Executive Director, Discovery and Research of Ono. "We have high regard for the Receptos' GPCR protein crystallization platform technology and recognize its potential to strengthen our drug discovery capabilities.  We are pleased to contribute to society through innovative drug discovery that can fulfill unmet medical needs."

The Ono collaboration milestone achievement builds on Receptos' exceptional track record for successful crystallography and s
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SOURCE Receptos
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