Selvita, Poland based integrated discovery partner for the pharmaceutical and biotechnology industry, announced an agreement with the Institutes for Pharmaceutical Discovery (IPD) in Branford, CT, USA to provide computational chemistry services to IPD.
The aim of this agreement is to identify novel chemical compounds that inhibit the activity of a novel protein target, proposed by IPD. This target protein was selected as the result of a collaboration between IPD and an academic institution, and may be linked to an important class of human diseases.
The compounds identified during this project are expected to demonstrate therapeutic potential as a result of their interaction with the selected protein target. The results of the computational analysis will be experimentally tested in drug discovery research conducted by IPD.
The scope of the project, commissioned to Selvita, includes a druggability study of the targeted protein, followed by a virtual high-throughput screen of structures attainable in public databases, and the interpretation of the “lead-likeness” of the proposed compounds.
“We expect to identify a set of chemical structures possessing the desired characteristics of specific functional inhibitors, with potential therapeutic activity. We are very pleased to be working with Selvtia on this novel target” said Paul Beckett, senior director, Synthetic Medicinal Chemistry, at IPD.
“We are very pleased that we can cooperate with The Institutes for Pharmaceutical Discovery – said Piotr Prelich, Selvita’s VP of Sales and Marketing .This project is a great chance for Selvita to show the potential of our Computational Chemistry Department. We’ve assembled an excellent team of experienced target modeling and ligand design professionals and I’m sure we can deliver what IPD desires. We’re looking forward to this cooperation very much.”
The Institutes for Pharmaceutical Discovery, LLC (IPD) is a private discovery research company and a parent company to the Institute for Drug Discovery, LLC (IDD) and The Institute for Bioanalytics, LLC (IBA). Institutes created by IPD combine the proven business experience of senior pharmaceutical executives with the scientific excellence of industry researchers. Its mission is to identify areas of unmet medical need and develop research programs to meet these needs.
Selvita is the largest independent integrated drug discovery provider in Central and Eastern Europe. The company's mission is to serve clients with a comprehensive panel of products and solutions targeted at lowering the cost of, and accelerating, the introduction of new drugs to the market.