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Aims to validate genetic drug targets and progress therapeutic molecules into clinical development.
June 16, 2023
By: Anthony Vecchione
Cholesgen Co. Ltd., a biotech/biomedical research company, entered into a collaboration with AstraZeneca, to advance research and development in hypercholesterolemia and related metabolic diseases. The three-year collaboration aims to validate genetic drug targets and progress therapeutic molecules into clinical development. The joint research effort will leverage complementary strengths and focus on selected targets from Cholesgen’s early-stage portfolios. Cholesgen will be entitled to receive an initial payment, as well as a pre-defined license package for each qualified drug candidate nominated by AstraZeneca to progress into clinical development. The program establishes a new collaboration model with a Chinese biotech, starting from first-in-class targets and mechanisms originally identified by Chinese researchers. Under the governance of a Joint Research Committee, scientists from AstraZeneca and Cholesgen will work closely on target validation and hit generation for the delivery of selected drug candidates, with the priority option for AstraZeneca to bring them into clinical development. “This is an important collaboration for AstraZeneca, led by deep scientific expertise and a shared ambition to address the key drivers that contribute to hypercholesterolemia and related metabolic diseases,” said Mene Pangalos, executive vice president, BioPharmaceuticals R&D, AstraZeneca. “We look forward to working together to accelerate target discovery and preclinical research in this area of high unmet need.” “As a young Biotech with deep understanding of target biology and a focused pipeline, Cholesgen is thrilled to start this strategic collaboration with AstraZeneca and hope to accelerate the delivery of innovative medicines for patients with hypercholesterolemia or related metabolic diseases,” said Bao-Liang Song, chair of SAB Cholesgen.
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