After developing a research validation plan, Evotec will conduct research in collaboration with the Fred Hutch faculty which will be seed funded by Arix.
Once completed, and subject to the results, Evotec and Arix have a pre-agreed option to form a new company. This transformational Toronto-based partnership will give Canadian academic institutions and teaching hospitals access to the world-class infrastructure and drug discovery expertise of Evotec and pair it with cutting-edge drug discovery projects emerging from the 15 member institutions of TIAP. A crucial lack of the funding, specialised infrastructure and drug development expertise necessary to translate disease-related biological pathways into focused drug discovery programmes has been a persistent hindrance for promising biomedical research to reach clinical development and the marketplace in Canada and globally.
LAB addresses precisely this challenge. The goal of this new partnership is to significantly shorten the drug discovery timeline and to generate viable start-up companies with high potential for success.
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Evotec will contribute infrastructure and pre-clinical drug development expertise to translate such discoveries into potential medicines. A fifth project was announced in a release from June In November , Evotec announced a novel strategic partnership with the University of Oxford, Oxford University Innovation Ltd, OUI the university's research commercialisation company and Oxford Sciences Innovation, OSI the world's largest IP investment company dedicated to a single university aimed at accelerating the translation of basic biomedical research from Oxford into new therapeutics.
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Projects will be sourced exclusively from Oxford University researchers via OUI across any therapeutic area and for any therapeutic modality and will be aided by a drug discovery expert in residence seconded by Evotec to the LAB initiative and embedded in the university. The goal is to accelerate the achievement of pre-clinical proof of concept for new drugs and to generate new spin-out companies. The state is telling government employees to plan on reporting to work as usual on Tuesday morning as Gov.
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