PARIS & LA JOLLA, Calif.--(BUSINESS WIRE)--Regulatory News:
Ipsen (Euronext: IPN; ADR: IPSEY) and the Salk Institute for Biological Studies (Salk Institute) today announced that they have agreed to renew their collaboration in medical sciences for another three years. The common objective for Ipsen and the Salk Institute is to achieve critical insights in the understanding of human diseases so as to develop new therapies for the treatment of patients afflicted with serious medical conditions.
In the next three years, Salk Institute’s Professor Inder Verma, Ph.D., Irwin and John Jacobs Chair in Exemplary Science, will carry out research under the renewed Salk-Ipsen Life Sciences Program, together with Fred Gage, Ph.D., Vi and John Adler Chair for Research on Age-Related Neurodegenerative Disease, and Ron Evans, Ph.D., Professor, March of Dimes Chair in Molecular and Developmental Biology.
The 2011-2014 collaboration led to deeper knowledge of how modified viruses can induce laboratory tumour models to better understand human cancer, how human induced pluripotent stem cell neurons may be used to study neurodegenerative diseases, and how tumour cells interact with their tissue microenvironment. The continuing research in each of these programs, sponsored through ongoing innovation and targeted grants to Salk Institute, is expected to deliver further insights enabling progress in development of therapeutics to address patient needs in oncology, endocrinology and neurodegenerative diseases.
“Ipsen is highly enthused to continue its longstanding collaboration with the Salk Institute,” said Claude Bertrand, Executive Vice President, R&D, Chief Scientific Officer of Ipsen. “Our Open Innovation approach to collaboration drives biological discovery to potentially benefit patients suffering from serious diseases with complex pathogenesis. The creative research environment at the Salk Institute, together with the high caliber of faculty involved in the research programs, provides the best opportunity to develop potential medical breakthroughs.”
Salk Institute President William R. Brody added: “The collaboration with Ipsen, founded on basic research which is key in development of medical cures, enables us to build on Jonas Salk’s legacy, creating a healthier future with bold science for which the Salk Institute is renowned.”
About the Salk Institute for Biological Studies
The Salk Institute for Biological Studies is one of the world's preeminent basic research institutions, where internationally renowned faculty probes fundamental life science questions in a unique, collaborative, and creative environment. Focused both on discovery and on mentoring future generations of researchers, Salk scientists make groundbreaking contributions to our understanding of cancer, aging, Alzheimer's, diabetes and infectious diseases by studying neuroscience, genetics, cell and plant biology, and related disciplines. Faculty achievements have been recognized with numerous honors, including Nobel Prizes and memberships in the National Academy of Sciences. Founded in 1960 by polio vaccine pioneer Jonas Salk, MD, the Institute is an independent nonprofit organization and architectural landmark.
About Ipsen
Ipsen is a global specialty-driven pharmaceutical company with total sales exceeding €1.2 billion in 2013. Ipsen’s ambition is to become a leader in specialty healthcare solutions for targeted debilitating diseases. Its development strategy is supported by 3 franchises: neurology, endocrinology and uro-oncology. Moreover, the Group has an active policy of partnerships. Ipsen's R&D is focused on its innovative and differentiated technological platforms, peptides and toxins. In 2013, R&D expenditure totaled close to €260 million, representing more than 21% of Group sales. Moreover, Ipsen also has a significant presence in primary care. The Group has close to 4,600 employees worldwide. Ipsen’s shares are traded on segment A of Euronext Paris (stock code: IPN, ISIN code: FR0010259150) and eligible to the “Service de Règlement Différé” (“SRD”). The Group is part of the SBF 120 index. Ipsen has implemented a Sponsored Level I American Depositary Receipt (ADR) program, which trade on the over-the-counter market in the United States under the symbol IPSEY. For more information, visit www.ipsen.com.
Ipsen’s Forward Looking Statements
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