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Universities and drug companies partner to tackle big diseases
Flying Kite Staff
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Tuesday, May 12, 2015
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West Philadelphia
New partnerships between universities and drug companies show promises for complex diseases.
British pharmaceutical giant
GlaxoSmithKline
is teaming up with the
University of North Carolina
at Chapel Hill to start a research institute and a company aimed at curing H.I.V. infection and AIDS... The company and the university will each own half of the new company, Qura Therapeutics, which will have the rights to commercialize any discoveries...
The arrangement is part of a trend in which pharmaceutical companies are working directly with university researchers. Novartis and the University of Pennsylvania, for instance, are building a research center on the Philadelphia campus to work on ways to genetically alter a patient’s immune cells to battle
cancer
.
But while the University of Pennsylvania partnership is already producing striking remissions in some cancer patients, the attempt to cure H.I.V. is expected to take far longer and may fall short. The $20 million being contributed is a small sum for a company like Glaxo, which spent close to $5 billion on research and development last year.
Original source:
The New York Times
Read the complete story
here
.
Share
Related Tags
Emerging Technology
,
Healthcare
,
Higher Education
,
Inventing the Future
,
Life Sciences
West Philadelphia
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