BioFocus announced today that it has extended its contract with Amgen for 2011 and 2012, with an expansion to include target discovery and validation services. Under the terms of the extended agreement, BioFocus will receive €2.0 M ($2.6 M) in research fees for the first year. Additionally, BioFocus is eligible to receive payments of access fees and success-based milestones.
The collaboration, which was initiated in 2002 and extended in 2006 and again in 2008, involves the identification of new molecules against various drug targets. Starting in 2011, the collaboration will involve the addition of BioFocus’ target discovery platform to deliver novel targets to support Amgen’s therapeutic programs.
“We are pleased to have delivered well in our long-standing collaboration with Amgen, resulting in an extension for the third time,” said Dr. Chris Newton, Senior VP Galapagos Services. “With each extension, Amgen has expanded the range of services provided by BioFocus, with target discovery being included this time around. We are very proud to win this opportunity to deliver high quality, innovative modes of action to Amgen.”
BioFocus
