Beactica initiates drug discovery collaboration with Medivir

10 June 2014

Uppsala, Sweden, 10 June 2014

Beactica, the Swedish fragment-based drug discovery company, today announced that it has entered into an agreement with Medivir AB (OMX: MVIR). Under the agreement, Beactica will use its proprietary discovery platform to identify novel hits against a disease-relevant protease of therapeutic interest to Medivir. Financial terms of the agreement were not disclosed.

"We are pleased that Medivir has selected Beactica to advance one of their prioritized discovery programmes”, said Beactica CEO, Dr Per Källblad. "Medivir is at a very exciting point in their development and we are looking forward to tackle this challenging project together with their team of innovative scientists”.

Dr Richard Bethell, Executive Vice President Discovery Research, Medivir commented: "We at Medivir are very much looking forward to collaborating with our partners at Beactica, and applying their fragment-based lead discovery technology, in our search for hits active against one of our early discovery targets".

For additional information please contact Dr Per Källblad, Beactica CEO, +46 18 560880.

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