MorphoSys Initiates Program Against Drug-Resistant MRSA Infections
(Thomson Reuters ONE) -
MorphoSys AG / MorphoSys Initiates Program Against Drug-Resistant MRSA Infections processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
MorphoSys Secures Access to Innovative Targets through In-licensing and
Collaboration Agreement with Absynth Biologics
MorphoSys AG (FSE: MOR; Prime Standard Segment, TecDAX) announced today a new
proprietary development program against novel infectious disease targets. As
part of this initiative, MorphoSys has signed a license and collaboration
agreement with UK-based Absynth Biologics, providing access to novel target
molecules associated with Staphylococcus aureus infections including MRSA
(methicillin-resistant S. aureus). MorphoSys will generate antibodies using its
proprietary HuCAL PLATINUM antibody library which Absynth will test in relevant
disease models. MorphoSys will be solely responsible for the development and
partnering of the resulting compounds. Absynth will receive an upfront payment
and is eligible for development-dependent milestone payments and royalties.
Further financial details were not disclosed.
"This collaboration brings together Absynth's novel, proprietary targets and
expertise in S. aureus including MRSA and MorphoSys's expertise in the
generation of antibody drugs. We see these new targets as a very promising basis
of antibody therapy for an increasingly serious medical problem," commented Dr.
Simon Moroney, Chief Executive Officer of MorphoSys AG. "Our goal is to create a
valuable package of proprietary targets together with high-affinity antibodies,
supported by compelling data, which will allow us to partner the program for
subsequent development. The targets identified by Absynth represent a unique
opportunity to generate value rather quickly and create out-licensing
opportunities much earlier than in the areas of cancer and inflammation, which
remain however the main focus areas for our discovery and development
organization."
"We are delighted to be collaborating with MorphoSys," commented Dr Fiona
Marston, Chief Executive, Absynth Biologics Limited. "The synergies between our
technologies enhance the prospects of creating products to benefit patients
suffering from S. aureus infections."
Absynth's genomics-based approach allows identification of previously overlooked
targets, such as bacterial components which are crucial to the organism,
conserved across different bacterial strains and accessible for antibodies.
Absynth has demonstrated that monoclonal antibodies against the targets
in-licensed by MorphoSys inhibit the growth of S. aureus and recruit the human
immune system to eliminate bacteria via phagocytosis. Absynth has filed patent
applications on all targets involved in the collaboration.
Hospital-acquired or nosocomial infections are a growing public health concern
and are associated with increasing levels of mortality. The Center for Disease
Control and Prevention estimates that in the United States alone about 1.7
million nosocomial infections and 99,000 associated deaths occur each year.
These infections are caused by micro-organisms including drug-resistant MRSA. In
the United Kingdom, S. aureus accounts for almost half of all hospital-acquired
infections.
About MorphoSys:
MorphoSys is an independent biotechnology company that develops novel antibodies
for therapeutic, diagnostic and research applications. The Company's HuCAL
technology is one of the most powerful methods available for generating fully
human antibodies. By successfully applying this and other proprietary
technologies, MorphoSys has become a leader in the field of therapeutic
antibodies, one of the fastest-growing drug classes in human health-care.
Through its alliances with some of the world's leading pharmaceutical companies,
MorphoSys has created a pipeline of more than 60 drug candidates. The Company is
expanding its drug pipeline by adding new partnered programs, and by building a
portfolio of fully-owned therapeutic antibodies. For its proprietary portfolio,
the Company is focused on the areas of oncology and inflammation. Its most
advanced program MOR103, a first-in-class, fully human antibody against GM-CSF,
is currently tested in a Phase Ib/IIa trial in rheumatoid arthritis patients.
Via its business unit AbD Serotec, MorphoSys is expanding the reach of its
technologies in the diagnostics and research markets. MorphoSys is headquartered
in Munich, Germany and listed on the Frankfurt Stock Exchange under the symbol
"MOR". For further information, visithttp://www.morphosys.com/
HuCAL(®), HuCAL GOLD(®), HuCAL PLATINUM(®), CysDisplay(®) and RapMAT(®) are
registered trademarks of MorphoSys AG.
About Absynth
Founded in 2007 by Fusion IP and based on discoveries from the University of
Sheffield laboratories of Professor Simon Foster & Dr Jorge Garcia-Lara, Absynth
is a private, UK biotechnology company focused on the discovery and development
of products for the prevention and treatment of bacterial infections. The
company's distinctive approach uses genomics to identify highly conserved
bacterial protein targets, essential for life and capable of stimulating the
immune system. Our platform has broad potential against a range of bacterial
infections. Absynth's novel targets offer two lines of attacking infection:
vaccines for prophylactic use to stimulate an immune response or antibodies for
anti-infective treatments. In its vaccine programmes, the company has shown that
its S. aureus antigens effectively harness the immune system and in vivo
reproducibly protect against infection in the gold-standard in vivo model of
infection. Absynth's novel antigens are also found in other infectious bacteria
which forms the basis of the company's pipeline. Absynth is located in
Sheffield, UK. For further information, visit http://www.absynthbiologics.co.uk/
This communication contains certain forward-looking statements concerning the
MorphoSys group of companies. The forward-looking statements contained herein
represent the judgment of MorphoSys as of the date of this release and involve
risks and uncertainties. Should actual conditions differ from the Company's
assumptions, actual results and actions may differ from those anticipated.
MorphoSys does not intend to update any of these forward-looking statements as
far as the wording of the relevant press release is concerned.
For more information, please contact:
MorphoSys AG
Dr. Claudia Gutjahr-Löser
Head of Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-122
Mario Brkulj
Senior Manager Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-454
Jessica Kulpi
Specialist Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-332
investors(at)morphosys.com
Absynth Biologics Limited
Dr Fiona Marston
Chief Executive
Tel: +44 (0)114 275 5633
[HUG#1442106]
--- End of Message ---
MorphoSys AG
Lena-Christ-Str. 48 Martinsried / München Germany
WKN: 663200;ISIN: DE0006632003;Index:TecDAX,Prime All Share,CDAX,TECH All Share,HDAX,MIDCAP;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg,
Freiverkehr in Börse Berlin,
Freiverkehr in Börse Düsseldorf,
Freiverkehr in Bayerische Börse München,
Freiverkehr in Niedersächsische Börse zu Hannover,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse;
Press Release:
http://hugin.info/130295/R/1442106/386376.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: MorphoSys AG via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 02.09.2010 - 07:36 Uhr
Sprache: Deutsch
News-ID 40984
Anzahl Zeichen: 0
contact information:
Town:
Martinsried / München
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 160 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"MorphoSys Initiates Program Against Drug-Resistant MRSA Infections"
steht unter der journalistisch-redaktionellen Verantwortung von
MorphoSys AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
