financial news UK: Horizon lines up $multi-million cancer drug boom | Business Weekly | Technology | Biotechnology | Business news | Cambridge and the East of England

Horizon lines up $multi-million cancer drug boom | Business Weekly | Technology | Biotechnology | Business news

Horizon lines up $multi-million cancer drug boom

Cambridge based personalised medicines trailblazer Horizon Discovery is at the heart of a triple global alliance designed to identify and validate a panel of novel cancer drug targets.
The UK pioneer is partnering US biopharma company H3 Biomedicine Inc in the venture. And Japanese giant Eisai, which has its European Knowledge Centre in Hatfield, will conduct any resulting clinical trials......Markus Warmuth, president and CEO, H3 Biomedicine said that the successful development of new personalised medicines depended on well validated and characterised targets and clearly defined patient populations.
“High attrition rates in clinical trials have been impacting industry for a while,” he said. “We believe that clinical success starts at target selection and validation.
“We have elected to work with Horizon because its tools will enable us to progress toward identifying the best possible targets for new drugs with the power to have meaningful therapeutic relevance. That may help us to increase clinical success rates and expedite the delivery of new therapies to the patients who need them.”