Domainex Ltd Wins Biotechnology Innovation Award
News Aug 22, 2007
Domainex Ltd, a contract research organisation offering technology to solve expression of intractable gene targets and high quality computational and medicinal chemistry, won the Innovation in Enabling Biotechnology Award at the 2007 UK BioEntrepreneurial Company of the Year Awards, presented by UK Trade & Investment in London on July 4th.
More than 180 industry leaders attended the annual ceremony, which recognises innovation and entrepreneurship in the biotechnology industry.
Dr Renos Savva, one of the company’s founders and the CEO of Domainex, Dr Eddy Littler, received the award from Mr Andrew Cahn, CEO of UK Trade & Investment. “We are delighted to have been presented with this award, which recognises our commitment to developing new technologies for streamlining and accelerating the drug discovery process,” said Dr Savva.
Domainex Ltd has developed a high-throughput technology for producing soluble and stable protein fragments that are suitable for compound screening, structural biology studies or antibody production. The approach resolves the discovery ‘gap’ that exists between the vast amount of genomic information that is now available, and the accessibility of the corresponding proteins for use in target validation and drug discovery.
Dr Keith Powell, Chairman of Domainex, added, “We are a young, fast-growing London company, capable of reaching drug targets that were previously impossible to reach – and we are now in a position to move from drug target identification into drug development.”
Molecular biologists long thought that domains in the genome’s 3D organization control how genes are expressed. After studying highly rearranged chromosomes in fruit flies, researchers now reveal that while this is the case for some genes, their results challenge the generality of this for many others.READ MORE