BIRMINGHAM, Ala., Oct. 2, 2017 /PRNewswire-USNewswire/ -- Southern Research and Bionetix Inc., a South Korea-based biotech firm, have signed a research and license agreement to develop a new anti-cancer drug that affects a key genetic switch associated with suppression and regulation of the growth of certain types of cancer.
The goal of
This collaboration is based on the extensive expertise of Southern Research in the discovery of novel cancer therapeutics including promising research on the regulation of tumor growth by controlling how genes are turned on and off in the cell
"The collaborative effort with Bionetix will allow us to accelerate our exploration of an epigenetic approach that could produce life-saving anti-cancer agents as well as continue our commitment to the identification of novel therapeutics," said Mark J. Suto, Ph.D., vice president of Southern Research's Drug Discovery Division.
Doo Young Jung, CEO of Bionetix, said the teams seek to develop new epigenetic enzyme inhibitors that are more effective than existing drugs so their use can be expanded to successfully treat a broader range of cancers.
"I believe that this collaborative research program will help to expedite the development of novel inhibitors into the clinic so that we can contribute benefits to cancer patients," he said.
Under the Bionetix agreement, Southern Research will conduct studies to identify and optimize new inhibitors of methyl transferases as potential drug candidates. In collaboration with Bionetix, Southern Research will also define the overall development strategy for the new compounds.
"What we are looking at in this exploratory effort is a wide range of specific genes and biomarkers," Suto added. "That will help us identify the types of tumors that should be targeted and which patients would be most likely to benefit from the treatment based on this epigenetic approach."
Southern Research and Bionetix plan to complete the collaborative research program and begin preclinical and clinical development programs by early 2019.
As part of the arrangement, Bionetix can exercise an option to acquire the global exclusive commercialization rights for the optimized inhibitors and the application technologies, and will develop them further independently.
The deal with Bionetix represents the first licensing agreement signed by Southern Research in a decade. Bionetix, based in Suwon, South Korea, is a start-up company backed by venture capital investments.
Bionetix is providing research support for Southern Research, which will provide its extensive expertise in biology and chemistry to move the drug discovery research program forward.
About Southern Research
Southern Research is a not-for-profit 501(c)(3) organization with more than 400 scientists and engineers working across four divisions: drug discovery, drug development, engineering, and energy and environment. We work on behalf of the National Cancer Institute, National Institutes of Health, the U.S. Department of Defense, the U.S. Department of Energy, NASA, major aerospace firms, utility companies, and other private and government organizations as we solve the world's hardest problems. SR, founded in 1941, is headquartered in Birmingham with additional laboratories and offices in Wilsonville and Huntsville; Frederick, Maryland; Durham, North Carolina; Cartersville, Georgia; and Houston. Visit www.SouthernResearch.org for more information.
Bionetix is a biotech start-up devoted to the development of new small molecule drugs by efficient translation of innovative basic sciences developed by public research institutes to valuable drug assets. Bionetix is working with various public research institutes, including Southern Research drug discovery division, Korea Research Institute of Chemical Technology, Ajou University of Korea, and others to develop new drugs in the opthalmalogy and oncology fields. Bionetix was established in February 2017 and is located in Suwon, Gyeonggi-do, Republic of Korea. Please contact Doo Young Jung (CEO of Bionetix, email@example.com) for detailed information.
CONTACT: Rossi Carlson, 205-581-2266, firstname.lastname@example.org
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SOURCE Southern Research
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