C4X Discovery - Discovery partnership with LifeArc
The partnership will combine leading drug discovery expertise from both organisations, including application of C4XD's unique and proprietary ligand-focussed conformational analysis platform, Conformetrix, to
This discovery partnership adds a high value programme to C4XD's portfolio. Furthermore, it demonstrates continued progress against its stated strategy of utilising its cutting-edge drug discovery engine, and establishing productive partnerships, to develop novel small molecules against targets with high partnering interest.
Terms of the agreement are undisclosed.
This announcement contains inside information for the purposes of Article 7 of Regulatory (EU) No596/2014.
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For further information, please contact:
Freddy Crossley, Emma Earl (Corporate Finance) +44 (0)20 7886 2500
James Stearns (Corporate Broking)
Mary-Jane Elliott, Chris Gardner, Matthew Neal +44 (0)203 709 5700
Glenn Mursell +44 (0) 207 391 2754
+44 (0) 7799 261 060
About C4X Discovery
C4X Discovery aims to become the world's most productive drug discovery engine by exploiting cutting edge technologies to design and create best-in-class small-molecule candidates targeting a range of high value therapeutic areas. The company's goal is to drive returns through early-stage revenue-generating deals with the pharmaceutical industry.
C4X Discovery has a state-of-the-art suite of proprietary technologies across the drug discovery process. The company's innovative DNA-based target identification platform (Taxonomy3®) utilises human genetic datasets to identify novel patient-specific targets leading to greater discovery productivity and increased probability of clinical success. This is complemented by C4XD's novel drug design platform which comprises two innovative chemistry technologies, Conformetrix and Molplex, that combine 4D molecular shape analyses (based on experimental data) with best-in-class computational chemistry. This provides new and unprecedented insight into the behaviour of drug molecules, enabling the production of potent selective compounds faster and more cost effectively than the industry standard.
C4X Discovery is advancing its in-house pipeline that is primarily focused on the high value therapeutic areas of inflammation, neurodegeneration and cancer (including immuno-oncology) with a number of new drug candidates identified and further progress made towards the pre-clinical licensing discussions. In selecting new targets and executing new drug discovery programmes, C4X Discovery focuses on high-value disease areas that are the subject of significant licensing activity and will continue to also maximise value from opportunistic areas such as addiction and diabetes. The Company recently signed a licensing agreement with Indivior for a pre-clinical addiction programme worth up to
The Company was founded as a spin-out from the
LifeArc is a medical research charity with over 25 years' experience in helping scientists and organisations turn their research into effective diagnostics and treatments. LifeArc collaborates with a wide range of life science charities and other partners. In addition to portfolio review, IP protection, technology transfer and licensing LifeArc also offers its partners expertise in; early stage research funding, diagnostics development, drug discovery, scientific scouting, campaigning, drug discovery pipeline, in vitro diagnostics and antibody engineering.
This information is provided by RNS, the news service of the
Quick facts: C4X Discovery Holdings PLC
Market Cap: £19.07 m
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