Woburn, Massachusset
July 19, 2004
Cambria Biosciences LLC,
a drug discovery company, today announced a three-year
collaboration with Syngenta
Limited, a world leading agribusiness.
Cambria will use its technology to
elucidate the mechanism of action of small molecule
compounds supplied by Syngenta to guide the discovery and
development of new classes of safe and effective insecticides.
Under the terms of the agreement, Syngenta will provide full
research funding and certain in-kind resources to Cambria for
this program.
Financial terms were not
disclosed.
This agreement follows the
successful conclusion of a project undertaken by Cambria in
2003, in which scientists at Cambria rapidly identified a site
of action for a proprietary Syngenta compound. “The result of
our pilot project for Syngenta was the latest in a series of
chemical genetic studies by Cambria that have uncovered
unprecedented targets that could not have been predicted by
typical biochemical or genomic approaches,” said Leo Liu, M.D.,
President and Chief Scientific Officer of Cambria. “We look
forward to discovering additional high quality targets and
chemical leads through our expanded collaboration with
Syngenta.”
“We were very pleased and
encouraged by the speed and quality of Cambria’s model systems
approach,” said Dr. Mike Bushell, Head of Discovery at Syngenta.
“Innovation is critical to Syngenta and it enables us to
accelerate the discovery and development of safe and effective
new products for sustainable agriculture.”
Syngenta is a world-leading
agribusiness committed to sustainable agriculture through
innovative research and technology. The company is a leader in
crop protection, and ranks third in the high-value commercial
seeds market. Sales in 2003 were approximately US$ 6.6 billion.
Syngenta employs more than 19,000 people in over 90 countries.
Syngenta is listed on the Swiss stock exchange (SYNN) and in New
York (SYT).
Cambria Biosciences is an
innovative biotechnology company that combines the power of
genetics and high-throughput chemical screening to discover new
drug candidates and how they work. By characterizing the
biological mechanism of each promising compound lead in living
biological systems that serve as models for human disease, these
technologies provide a rapid way to enhance the therapeutic
potential of biologically active small molecules. With this
platform, the Company will initially focus on drug rescue and
the development of new therapeutic candidates for
neurodegenerative diseases and infectious disease pests. Cambria
earns revenues from corporate partnerships that leverage its
technology platform for multiple applications, including public
health and biodefense, agriculture, and animal health. |