AMRI Extends Drug Discovery Collaboration With CHDI Foundation, Inc.
AMRI's Integrated Drug Discovery Platform Supports Discovery of New Therapeutic Agents for Huntington's disease
Albany, NY - AMRI (NASDAQ: AMRI) announced today the five year extension and expansion of its ongoing research collaboration with CHDI Foundation, Inc. (CHDI), focused on the discovery of new therapeutic agents for the treatment of Huntington's disease (HD).
Further deploying its fully integrated drug discovery services model, AMRI will apply a complete menu of integrated biology and chemistry capabilities including assay development, screening, library production, hit identification, ADMET, computer-aided drug discovery (CADD), and medicinal chemistry. AMRI and CHDI initiated this collaboration in April 2009 with a focus on screening samples from AMRI's compound collection against several JNK kinases.
“The extension and expansion of this agreement with CHDI further supports the ability of AMRI's fully integrated global drug discovery platform to provide significant added-value to its customers seeking to reduce costs, compress timelines and increase the productivity of their discovery portfolio. We are pleased to continue to work with CHDI to help develop potential treatments for Huntington's disease,” said AMRI Chairman and CEO Thomas E. D'Ambra, Ph.D.
About AMRI
Founded in 1991, Albany Molecular Research, Inc. provides scientific services, products and technologies focused on improving the quality of life. AMRI works on drug discovery and development projects and conducts manufacturing of active ingredients and pharmaceutical intermediates for many of the world's leading healthcare companies. As an additional value added service to its customers, the company is also investing in R&D in order to expand its contract services and to identify novel early stage drug candidates with the goal to outlicense to a strategic partner. With locations in the U.S., Europe, and Asia, AMRI provides customers with a wide range of services, technologies and cost models.
About CHDI Foundation, Inc.
CHDI Foundation, Inc. is a privately-funded, not-for-profit, virtual biotech company that is exclusively dedicated to rapidly discovering and developing therapies that slow the progression of Huntington's disease (HD). Our scientists work closely with a network of more than 600 researchers in academic and industrial laboratories around the world in the pursuit of these novel therapies, providing project management to ensure that our common goals remain in focus. This helps bridge the translational gap that often exists between academic and industrial research pursuits that adds costly delays to therapy development. In its role as a collaborative enabler, CHDI seeks to bring the right partners together to identify and address critical scientific issues and move drug candidates to clinical evaluation as rapidly as possible. Our activities extend from exploratory biology to the identification and validation of therapeutic targets, and from drug discovery and development to clinical studies and trials.
SOURCE: Curia