Cresset and Redx Pharma are pleased to announce that
they have signed a major drug discovery collaboration. The collaboration gives
Redx Pharma access to Cresset's publicly available and proprietary
computational chemistry technologies for use on their portfolio of drug
discovery programs. In addition Cresset will provide consulting services in the
area of candidate selection across a broad range of therapeutic areas and
targets.
Rob Scoffin, CEO of
Cresset said, "Cresset has developed an extensive range of consulting services
around the critical areas of library design, compound design, virtual screening
and lead optimization. In this case we will initially be focussing our skills
on helping Redx with their lead candidate selection process, whilst the collaboration
also gives Redx the ability to access our expertise, in a very flexible manner,
across the full range of computational Drug Discovery services."
"Cresset is a valuable
partner in our Drug Discovery programs", commented Dr Neil Murray, CEO of Redx
Pharma, "Their deep knowledge of computational chemistry and its application to
drug discovery is enabling us to progress multiple projects across a wide range
of target classes very quickly and cost-effectively".
The Redx programs make use
of a number of Cresset's computational chemistry tools. In particular
FieldTemplater and FieldAlign are used respectively to provide binding
hypotheses and predictions of likely biological similarity for sets of
molecules in various lead series.
For further information on
the complete range of software and services available from Cresset, please
visit
www.cresset-group.com.
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