View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 1, 2009

Nuevolution Receives Milestone Payment From Merck & Co

Following the identification of several candidate molecules that conformed to the pre-specified criteria established under the terms of the original agreement

By CBR Staff Writer

Nuevolution has received a milestone payment derived from its collaboration with Merck & Co. The payment was triggered following identification of several candidate molecules that conformed to the pre-specified criteria established under the terms of the original agreement. These include several accepted drug-like characteristics and nanomolar potency.

In its collaboration with Merck, Nuevolution applied its proprietary chemetics technology to identify novel small molecule leads against drug targets of interest to Merck. Nuevolution has so far screened more than one billion small molecules against the first of the targets selected under the collaboration. The candidate molecules so far identified have been shown to disrupt an undisclosed, therapeutically relevant, protein-protein interaction in vitro.

Alex Gouliaev, CEO of Nuevolution, said: We are excited about the results that have been obtained thus far in the collaboration with Merck. Considering the complexity of the target, we believe that the results demonstrate the value of having access to hundreds of millions to billions of small molecules for screening. It is a great pleasure working with Merck’s first class team of scientists, and we are looking forward to a continued fruitful outcome of the collaboration.

Content from our partners
How designers are leveraging tech to apply the brakes to fast fashion
Why the tech sector must embrace faster, smarter talent recruitment
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU