E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/10/2006 in the Prospect News Biotech Daily.

Genzyme starts humanitarian program to develop treatments for 'neglected' diseases

By Elaine Rigoli

Tampa, Fla., April 10 - Genzyme Corp. has established the Humanitarian Assistance for Neglected Diseases initiative, a program to participate in efforts to discover and advance novel treatments for neglected diseases affecting the developing world.

Genzyme said it will focus on projects where it can play a role in the process of moving potential new treatments from discovery toward clinical testing and seek a cure for diseases such as malaria, tuberculosis, leishmaniasis, Chagas disease, sleeping sickness and other diseases.

The company will not seek to profit from the commercialization of any products it helps to develop. It will grant all commercial and intellectual property rights in neglected disease areas to non-profit partners, according to a news release.

The initiative complements existing Genzyme programs that provide free medicines and help to build sustainable health care systems in developing countries, the release said.

Genzyme has begun one of its first projects with the Drugs for Neglected Diseases initiative, a not-for-profit drug-development organization.

This partnership will work to develop and test compounds intended to treat African trypanosomiasis, more commonly known as sleeping sickness, a fatal infectious disease that has grown to epidemic proportions in sub-Saharan Africa.

Genzyme is a global biotechnology company headquartered in Cambridge, Mass.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.