Nuevolution

Nuevolution
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Nuevolution is a biotechnology company with a unique business model, where continuous revenue generation and risk mitigation represent primary objectives. This strategy is executed by a “multiple shots at goal” approach in combination with reduced research costs, where simultaneous development of multiple programs in parallel is made possible. Nuevolution is the inventor of Chemetics®. Chemetics® is a patent protected drug discovery research platform, which enables identification of small molecule (tablet based) drug candidates much more effectively and at lower cost than what is possible by other conventional methods. Nuevolution applies its research platform for the identification and development of its own pipeline of drug candidates for treatment of cancer and chronic inflammatory diseases Nuevolution applies a business model that is unique for a biotechnology company with a primary focus on revenue generation and risk minimization (i.e. lower cost development) by having a number of programs developed in parallel. Nuevolution is the inventor of Chemetics® , a patent protected drug discovery platform which enables efficient discovery of novel chemical small molecule leads for specific indications addressing disease targets within the company’s therapeutic focus areas

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We are excited about entering into this broad collaboration with Amgen. The agreement with Amgen represents an important business component for Nuevolution in its ambition to discover and develop new medicines for severe diseases, while also capitalizing on Nuevolution’s powerful drug discovery engine. We are looking forward to an excellent working relationship with Amgen’s dedicated research and development teams.

Alex Haahr Gouliaev, CEO

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Nuevolution AB (publ) announces milestone payment from big pharma collaboration

Mon, Feb 22, 2016 09:00 CET

Stockholm, 22 February 2016, Nuevolution AB (publ) announces that it will receive a milestone payment of USD 2 million from its drug discovery collaboration with Novartis.In August 2009, Nuevolution and Novartis entered into a collaboration to apply Nuevolution’s proprietary Chemetics® drug discovery technology to identify novel small molecule leads against drug targets of interest to Novartis. In 2014 the companies signed a non-exclusive technology licensing agreement to enable Novartis to use this technology internally and to co-produce novel screening libraries with Nuevolution. To date

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Nuevolution AB (publ) announces milestone payment from big pharma collaboration