LONDON, July 13, 2017 /PRNewswire/ --
Heptares Therapeutics ("Heptares"), the wholly-owned subsidiary of Sosei
Heptares was founded in in 2007 by Malcolm Weir, Fiona Marshall, Richard Henderson and Chris Tate, with the aim to develop, apply and commercialise pioneering research on GPCR stabilization and crystallization from the MRC LMB. This research enabled, for the first time, the detailed three-dimensional X-ray structures of GPCRs in clinically relevant conformations to be determined. Since then, the Company has become one the UK's most successful science-based companies and established itself as a world-leader in GPCR SBDD.
The Company has elucidated over 150 GPCR co-structures; formed licensing deals with global pharmaceutical companies (including Allegan, AstraZeneca, Teva) for access to its first wave of novel drug candidates; drug discovery partnerships (e.g. Pfizer, AstraZeneca, Daiichi Sankyo) to design new molecules to partner-nominated GPCR targets; co-development agreements (e.g. PeptiDream, Kymab) to leverage complementary technologies on selected targets; and academic collaborations (e.g. with Cambridge University, Imperial College London, and New York University) to better understand the biology of interesting and potentially important GPCRs.
Heptares has grown to over 100 highly skilled employees from around the world. Since it became part of Sosei in 2015, Heptares has become the central part of its growth strategy, with the potential to deliver a sustainable pipeline of new drug opportunities that eventually the Company aims to take from discovery all the way through to commercialisation.
Malcolm Weir, Chief Executive Officer and co-founder of Heptares, said: "Heptares is a fantastic example of how innovative UK science can, with a clear vision and determination, form the basis of a world-leading company. Heptares has developed and grown up over the years, and we are truly delighted to hold today's anniversary symposium, and excited for what the future holds together with Sosei for this next phase in the Company's life."
Peter Bains, Chief Executive Officer of Sosei, added: "For Heptares to be celebrating its 10-year anniversary and having achieved so much in such a short space of time is an incredible feat, paying testament to the quality of science and leadership of the Company. Sosei expects Heptares to create and realise significant value over the coming years through the development of multiple potential new medicines for the treatment of rare and major diseases, and we couldn't be more proud to have them as part of the Sosei group."
About Heptares Therapeutics
Heptares is a clinical-stage company creating transformative medicines targeting G protein-coupled receptors (GPCRs), a superfamily of 375 receptors linked to a wide range of human diseases. Heptares' proprietary StaRŪ technology and structure-based drug design (SBDD) capabilities enable us to engineer and develop drugs for highly validated, yet historically undruggable or challenging GPCRs. Using this approach, we are building an exciting pipeline of new medicines (small molecules and biologics) with the potential to transform the treatment of Alzheimer's disease, schizophrenia, cancer immune-oncology, migraine, addiction, metabolic disease and other indications. We have partnerships for our novel candidates and technologies with leading pharmaceutical and biotechnology companies, including Allergan, AstraZeneca, Daiichi Sankyo, Kymab, MedImmune, MorphoSys, Pfizer and Teva.
Heptares is a wholly owned subsidiary of Sosei Group Corporation. For more information, please visit www.heptares.com and www.sosei.com.
HEPTARES is a registered trademark in the EU, Switzerland, US and Japan;
StaRŪ is a registered trademark in the EU and Japan.
Sosei is a biopharmaceutical company originating from Japan but with global presence. Sosei's primary business model is based on identifying novel and/or differentiated product assets or technology platforms and, through supporting these in preclinical and clinical development and establishing commercial partnerships, advancing new medicines to patients worldwide. For more information about Sosei, please visit www.sosei.com .
SOURCE Heptares Therapeutics
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