Articles

European Lead Factory launched

Public-private partnership aims to accelerate early drug discovery
Written byLloyd Dunlap
| 3 min read

NOTTINGHAM, U.K.—The European Lead Factory, a novel platformfor innovative drug discovery, has been launched by an international consortiumof 30 partners. The partnership, said to be the first of its kind, is supportedby the Innovative Medicines Initiative (IMI) and aims to create "unprecedentedopportunities" for the discovery of new medicines by providing public partnerswith an industry-like discovery platform to translate cutting-edge academicresearch into high-quality drug lead molecules on a scale and speed that wasnot possible previously.

IMI was launched in 2008 by the European Union and theEuropean Federation of Pharmaceutical Industries and Associations (EFPIA). Withits $2.6 billion budget, IMI claims to be the world's largest public-privatepartnership in health research and development. The EU contributes $1.3 billionin cash through its Seventh Framework Programme, while EFPIA companiescontribute $1.3 billion in kind to the IMI projects.

"We have launched 40 projects so far, and more are in thepipeline," says project spokesperson Catherine Brett.

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