GSK, ProteoTech enter R&D agreement to develop new Parkinson's therapeutics

NewsGuard 100/100 Score

ProteoTech, Inc., a privately held biotechnology company, has entered into a drug development agreement with GlaxoSmithKline (China) R&D Company Limited (GSK) to collaborate on ProteoTech's small molecule technology platform against misfolded proteins to specifically advance work on its alpha-synuclein therapeutic program for the treatment of Parkinson's disease and other synucleinopathies.

Steve Runnels, CEO of ProteoTech, stated "We are pleased to be working with GlaxoSmithKline on the identification and optimization of new therapeutic compounds for Parkinson's and other synucleinopathies, such as Lewy Body Dementia and Multiple System Atrophy. We are excited to be working with this leading pharmaceutical company on this important project which further validates ProteoTech's small molecule approach for developing therapies against diseases caused by misfolded proteins."

Initial support for ProteoTech's alpha-synuclein therapeutic research program was funded over a four-year period by the Michael J. Fox Foundation for Parkinson's Research (MJFF). Todd Sherer, PhD, the Chief Executive Officer of the MJFF commented, "We have followed ProteoTech's success on this therapeutic development program over the years and are extremely pleased to see this collaboration between them and GlaxoSmithKline to accelerate the development of a potential disease modifying treatment for this debilitating disease. This is what we all hoped to see when ProteoTech was initially granted the LEAPS award from our Foundation."

Source:

ProteoTech, Inc.

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
AMG 133 (maridebart cafraglutide) weight loss drug shows promise in early trial