GSK
first drugmaker to tie up with new Crick institute
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[July 14, 2015] LONDON
(Reuters) - GlaxoSmithKline said on Tuesday it had forged a
collaboration with the Francis Crick Institute, making it the first
pharmaceutical company to link up with the new biomedical center based
in London.
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Named after the Nobel laureate who co-discovered the molecular
structure of DNA, the Crick will employ 1,250 scientists and have a
budget of over 100 million pounds ($155 million) a year when it is
fully operational early in 2016.
The deal with GSK does not involve any money changing hands but
allows teams of scientists from each organization to work side by
side on the underlying biology of diseases, with the goal of
discovering better targets for new medicines.
GSK and the Crick will both contribute resources, including lab
space and staff, and a number of projects are set to start this
year, building up to 10-15 projects in 2016.
Research findings from the collaboration will be shared with the
broader scientific community via joint publication in journals.
The move reflects GSK's commitment to fundamental research, even as
its shifts to greater reliance on non-pharmaceutical businesses such
as consumer healthcare and vaccines. It follows the company's
decision last month to create a new U.S. research institute focused
on the inner workings of cells.
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(Reporting by Ben Hirschler; Editing by Pravin Char)
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