Phylogica forms target discovery spin-off with University of Cambridge
The spin-off company, named Phenomica, will combine Phylogica’s Phylomer® libraries, which comprise billions of naturally derived peptides, with technology from Cambridge to identify vulnerable points in a disease that can be the focus for new drug development. Phylogica has signed a Memorandum of Understanding with Cambridge Enterprise, the University’s commercialisation group, outlining plans to form Phenomica. The spin-off will be based in Cambridge, UK, maximising access to state-of-the-art research facilities. Its mission will be to discover and validate new disease-associated targets and to identify new avenues for therapeutic intervention.
Phylogica CEO Dr Paul Watt said: “The formation of Phenomica follows our extensive collaboration in the area of target discovery and validation with the molecular therapeutics programme directed by Professor Ashok Venkitaraman at the world-renowned Hutchison/Medical Research Council (MRC) Research Centre.”
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