Daily Newsletter

09 August 2023

Daily Newsletter

09 August 2023

Merck and Astex investigate small molecule candidates for cancer

The therapeutics will be provided to MSD for further optimisation and preclinical development.

August 09 2023

Astex Pharmaceuticals and Merck (MSD) have expanded their collaboration to identify small molecule candidates to target different forms of the p53 tumour suppressor protein for cancer treatment.

Under the research collaboration and licence agreement, Astex will leverage its fragment-based drug discovery platform to develop these compounds.

They will then be provided to MSD for further optimisation and preclinical development.

Astex Pharmaceuticals president and CEO Harren Jhoti stated: “This new alliance builds on our existing productive collaboration and allows us to combine our expertise and assets with MSD’s wide-ranging oncology capabilities.”

Merck will gain an exclusive worldwide licence for the research, development and commercialisation of the candidates to be developed under the partnership.

Astex will receive $35m in an upfront payment and subsequent milestone payments totalling $500m per programme, along with tiered royalties on product sales.

MSD will be responsible for funding all activities related to the future research and development of lead candidates and the commercialisation of products across the globe.

MSD discovery and translational medicine senior vice-president George Addona stated: “At MSD, we are committed to driving innovation with the goal of improving outcomes for patients with cancer.

“We look forward to building on our collaboration with the Astex team to advance this potentially impactful area of oncology research.”

In June 2023, Merck extended its peptide collaboration with contract research organisation IRBM.

Healthcare companies are hesitant to invest in the metaverse

The COVID-19 pandemic pushed the healthcare industry to rapid digitalization. Increased use of telehealth, telepresence systems, remote diagnostics, predictive AI, and wearable technology is changing how healthcare is delivered and improving patient outcomes. Emerging technologies such as AR and VR are becoming increasingly routine for professional training, surgical assistance, and treatment of psychological and neurological disorders. In the pharma and medical devices industries, AR, VR, and AI are rapidly accelerating drug discovery and manufacturing and generating supply chain efficiencies. New digital opportunities will look to build upon disruptive technologies. However, affordability is a limiting factor to widespread adoption. Per GlobalData estimates, the metaverse market is expected to grow at a CAGR of more than 33% between 2023 and 2030. Although metaverse technologies could reinvent healthcare approaches and bring new experiences to healthcare providers and patients, adoption is still at an early stage. There are currently few use cases in the healthcare industry. The metaverse needs to overcome major challenges for healthcare, including regulation and data privacy concerns. Evidence of proven use cases and participation by a critical mass of users are imperative to drive a shift in metaverse investment.

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