Algeta Enters Research Collaboration with Genzyme to Evaluate Thorium Platform
News Apr 05, 2011
Algeta ASA has announced that it has entered a research collaboration with Genzyme to evaluate the potential of its Thorium platform.
Under the terms of the collaboration, Genzyme will provide access to a novel and proprietary tumor-targeting antibody, and Algeta will provide access to its Thorium platform to attach the alpha emitting payload thorium-227. Both companies will contribute resources towards the collaboration, which is expected to last for up to a year initially.
Thomas Ramdahl, Executive Vice President and Chief Technology Officer, said: “We are delighted to work with Genzyme on this important new approach to cancer treatment, which combines our cancer-killing payload thorium-227 with the novel antibody’s own target specificity and tumor cell degradation properties. Algeta has previously demonstrated the promise of our alpha-emitter thorium-227 as a payload and we now look forward to applying our Thorium platform to this novel antibody.”