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Metrion Biosciences Ltd.. (2/5/18). "Press Release: Metrion Biosciences Awarded £200k Funding under Innovate UK Biomedical Catalyst Feasibility Award". Cambridge.

Region Region United Kingdom (GB)
Organisations Organisation Metrion Biosciences Ltd.
  Organisation 2 Innovate UK
  Group United Kingdom (GB) (govt)
Products Product small-molecule drug
  Product 2 business development (state/region)
Persons Person Rogers, Marc (Metrion Biosciences 201510– Managing Director + CSO)
  Person 2 Odgaard, Katie (Zyme Communications 201108 Senior Account Manager before College Hill Life Sciences)
     


• Funding will support further development of recently acquired small molecule assets for treatment of autoimmune disease


• Project forms the first of a series designed to deliver proof of concept data on immune-sparing drug candidates


• Project will further enhance Metrion’s ion channel drug discovery portfolio


Metrion Biosciences Limited (“Metrion”), the specialist ion channel contract research and drug discovery company, announced today it has been awarded £200k funding under the Innovate UK Biomedical Catalyst Feasibility Award scheme. The funding will be used to support further development of Metrion’s in-house drug discovery pipeline.

The funding will enable further preclinical development activities to be undertaken on the portfolio of small molecule potassium inhibitors acquired by Metrion from Japan Tobacco, with the aim of delivering a ‘best in class’, orally bioavailable, small molecule potassium channel inhibitor for the safe and effective treatment of a range of autoimmune diseases. This project is the first of a series of potassium channel inhibitor programmes Metrion has planned, which are designed to deliver proof of concept data on immune-sparing drug candidates, for treatment of autoimmune and neurodegenerative diseases.

Marc Rogers, Chief Scientific Officer, Metrion Biosciences, said: “We are pleased to receive this support from the Biomedical Catalyst scheme, which recognises Metrion’s contribution to R&D and drug discovery in the UK. Our team has extensive experience in the field of potassium ion channel drug discovery, having been responsible for discovery and development of three novel potassium channel therapeutics for the treatment of cardiac atrial fibrillation. We are excited to begin work on this project.”

Metrion provides a range of high quality ion channel assays on a fee-for-service or collaboration basis. Specialist ion channel expertise includes an industry-leading panel of in vitro cardiac ion channel safety assays, translational native cell and phenotypic assays for neurological and cardiotoxicity testing, and a range of other ion channel screening services such as cell line development and optimisation. Metrion Biosciences is able to provide tailored assay formats, data analysis and reporting solutions, effective project management and quality assured data packages.

ENDS


Media Contacts

Katie Odgaard
Zyme Communications
E-mail: katie.odgaard@zymecommunications.com
Tel: +44 (0)7787 502 947

Keith McCullagh PhD
Chairman, Metrion Biosciences
E-mail: keith.mccullagh@metrionbiosciences.com


About Metrion Biosciences

Metrion Biosciences is a specialist ion-channel contract research organisation and drug discovery business. The Company provides customers with access to a range of high quality ion channel assays on a fee-for-service or collaboration basis. Metrion Biosciences’ specialist ion channel expertise includes an industry leading panel of in vitro cardiac ion channel safety assays, translational native cell and phenotypic assays for neurological and cardiotoxicity testing, and a range of other ion channel screening services such as cell line development and optimisation. Metrion Biosciences is able to provide tailored assay formats, data analysis and reporting solutions, effective project management and quality assured data packages. For more information, see: www.metrionbiosciences.com


About Innovate UK

Innovate UK is the UK’s innovation agency. It works with people, companies and partner organisations to find and drive the science and technology innovations that will grow the UK economy. For further information visit: www.innovateuk.gov.uk



Registered in England and Wales number 9669815, registered office as above.

Metrion Biosciences Ltd Riverside 3, Suite 1 Granta Park Cambridge CB21 6AD United Kingdom


   
Record changed: 2018-02-16

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