Pharmacopeia Achieves Research Milestone in Collaboration with Daiichi Pharmaceutical Co.

Pharmacopeia, Inc., a leader in drug discovery, has achieved a significant research milestone in its collaboration with Daiichi Pharmaceutical Co., Ltd. As part of the agreement signed in March 1996, Daiichi has invested an additional $3 million in Pharmacopeia. This milestone marks a major achievement in the drug discovery process, demonstrating Pharmacopeia's ability to work with challenging targets and accelerate the development of medically important programs.

Key Takeaways:

• Pharmacopeia has achieved a research milestone in its collaboration with Daiichi Pharmaceutical Co., Ltd., marking a significant achievement in the drug discovery process.
• The milestone involves drug discovery activities, including small molecule combinatorial chemistry and high throughput screening, focused on two specific targets involved in inflammation.
• Pharmacopeia may provide Daiichi with combinatorial libraries of novel chemical structures using its ECLiPS technology for testing in Daiichi's internal research programs.
• The achievement demonstrates Pharmacopeia's ability to shorten the drug discovery process and work with extremely challenging targets.
• Pharmacopeia is a leader in drug discovery, combining small molecule combinatorial chemistry with high throughput screening to develop potential profit centers.
• The company has established collaborative agreements with several pharmaceutical companies, including Akzo Nobel/NV Organon, Bayer Corp., Berlex Laboratories, and Bristol-Myers Squibb.
• Pharmacopeia also has research partnerships and arrangements with biotechnology companies, academic, and government laboratories.

Statistics:

• $3 million: Additional investment by Daiichi Pharmaceutical Co. in Pharmacopeia as a result of achieving the research milestone.
• 3.5 million: Number of diverse, easily identifiable, small molecules in Pharmacopeia's libraries generated using ECLiPS technology.
• 1996: Year in which Pharmacopeia and Daiichi Pharmaceutical Co., Ltd signed the original agreement.
• 1998: Current year in which Pharmacopeia announced the achievement of the research milestone.

Sources:

• PRNewswire (Jan. 5, 1998) - "Pharmacopeia Achieves Research Milestone in Collaboration with Daiichi Pharmaceutical Co."
• Pharmacopeia, Inc. (Jan. 5, 1998) - Press Release titled "Pharmacopeia Achieves Research Milestone in Collaboration with Daiichi Pharmaceutical Co."