|

A FIRST FOR CAMBRIDGE COMBINATORIAL WITH DAINIPPONCambridge Combinatorial
Limited, the combinatorial chemistry company specialising in the design, production and
supply of compounds for the drug discovery industry, has won its first major contract
since its launch earlier this year. Under a collaborative agreement, between its founding
shareholder, Oxford Molecular Group, and Dainippon Pharmaceuticals of Japan, Cambridge
Combinatorial will supply the Japanese company with novel, targeted combinatorial
libraries and specialist consultancy services.
The agreement brings together Cambridge Combinatorial and Oxford Molecular in their
first joint venture. The research programme will focus on a selected biological target for
which Cambridge Combinatorial will synthesise novel targeted libraries of compounds for
screening, designed by Oxford Molecular using their proprietary molecular modelling
techniques. Cambridge Combinatorial will also supply consultancy services to Dainippon to
allow them to establish their own combinatorial chemistry unit. The programme will extend
for a minimum period of one year and involves the payment of an undisclosed initial sum,
ongoing research fees and milestone payments, plus royalties from any compounds which
ultimately make it to the market.
Dr Allan Marchington, Chief Executive of Cambridge Combinatorial, said:
"We are delighted to have won our first major contract since our establishment
earlier this year, and to have done so with such a leading, prestigious company. It is a
vote of confidence in what I believe is a unique offering of Cambridge Combinatorial's
proven expertise in medicinal chemistry and combinatorial techniques combined with the
molecular modelling technology of our partner, Oxford Molecular. We remain dedicated to
becoming the leading provider of combinatorial chemistry services to the biopharmaceutical
industry and a deal of this calibre is an important step in that direction."
Notes to editors
Cambridge Combinatorial Limited
Cambridge Combinatorial Limited specialises in the design, production and supply of
chemical compounds for the drug discovery industry. Headed by Dr Allan Marchington, Chief
Executive, and Dr Ryszard Kobylecki, Technical Director, both ex-Pfizer medicinal
chemists, the company was established with a £2 million investment from Oxford Molecular
Group, the management, founding scientists and the University of Cambridge (through its
intellectual property company, Cambridge University Technical Services Limited). The new
Cambridge-based company employs recent advances in combinatorial chemistry, methods which
allow the rapid synthesis of many thousands of diverse compounds, to supply the
pharmaceutical and emerging biotechnology industries with a pool of structures from which
active compounds can be identified.
Oxford Molecular Inc.
Oxford Molecular Inc. is a world-wide provider of solutions for discovery research to
chemical, pharmaceutical and biotechnology companies and universities. Using the company's
wide range of computer-aided molecular design (CAMD) software, advanced bioinformatics
tools, cheminformatics solutions and collaborative research services, researchers can
reduce both cost and time, expediting discovery across multiple disciplines.
Oxford Molecular has strategic alliances with Glaxo Wellcome, NeoRx Corp., Yamanouchi
Pharmaceutical Co., Silicon Graphics, and Digital Equipment Corporation, among others. It
is the largest supplier of CAMD software in Japan through its distributor Sony/Tektronix.
In addition, Teijin Systems Technology, Ltd., distributes Oxford Molecular's
bioinformatics products and Fujitsu distributes its RS3 Discovery software for the
management of research information. Oxford Molecular has headquarters in Oxford, England
and operations in Erlangen (Germany); Campbell, Calif.; Beaverton, Ore.; Rochester, N.Y.;
Burnsville, Minn., and Towson, Md.
Dainippon Pharmaceuticals Company Limited
Dainippon Pharmaceutical (Headquarters: Osaka, Japan) was founded in 1897 and its revenues
for the year ended March 31, 1997 were ¥137.5 billion principally generated from sales of
pharmaceutical products. The company is making efforts to develop pharmaceutical products
useful for therapy world-wide and has developed and marketed many products originated form
its own research such as new quinolone antibacterials, ACE inhibitors and antiepileptics.
The company's product range includes antibacterial, cardiovascular and neurological drugs.
|