UCB (EBR:UCB) UCB Media Room: UCB announces strategic investment in IMIDomics, Inc to advance breakthrough solutions for immune-mediated inflammatory diseases
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04/03/2024 18:00
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** UCB announces strategic investment in IMIDomics, Inc to advance breakthr=
ough solutions for immune-mediated inflammatory diseases
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Brussels (Belgium), and San Rafeal, CA (US), 4^th March, 2024 (18:00 CET) =
=E2=80=93 UCB (Euronext, Brussels: UCB), a global biopharmaceutical company=
, today announced a strategic equity investment in IMIDomics, Inc, a privat=
e company dedicated to the advancement of novel medicines for immune-mediat=
ed inflammatory diseases (IMIDs).
=E2=80=9CI am extremely enthusiastic about our investment in IMIDomics. The=
ir innovative approach aligns perfectly with our mission to make a meaningf=
ul impact on the lives of patients with severe immune-mediated inflammatory=
diseases,=E2=80=9D said Dhaval Patel, Executive Vice President and Chief S=
cientific Officer at UCB. He continued, "This investment represents more th=
an just financial support. It underscores our belief in IMIDomics' potentia=
l and our commitment to fostering their pioneering efforts in the field of =
immune-mediated inflammatory diseases. We see this as an opportunity to con=
tribute to enhancing patient care standards, and to collaboratively support=
the progression of medical innovation.=E2=80=9D
The parties are also in discussions for a planned research collaboration to=
leverage the respective expertise, technologies and assets of both compani=
es to accelerate the development of targeted therapies and diagnostic tools=
for IMIDs and maximize the indications against which new therapies may be =
used.
"This strategic investment from UCB is a direct result of our successes in =
developing the deepest understanding of IMID patients through our Clinical =
Discovery Engine=E2=84=A2, which is based on comprehensive, proprietary pat=
ient data and human-centered translation,=E2=80=9D said Fred Craves, CEO of=
IMIDomics. =E2=80=9CWe are enthusiastic about the prospect of collaboratin=
g with UCB, a company renowned for its commitment to transforming IMID pati=
ent outcomes. Together, we look forward to advancing novel solutions that a=
ddress the unmet needs of patients suffering from these challenging conditi=
ons."
Further financial details of the agreement were not disclosed.
For further information
UCB
R&D Communications - Scott Fleming
Scott.fleming@ucb.com / T +44 7702777378
Corporate Communications, Media Relations - Laurent Schots
laurent.schots@ucb.com / T +3225599264=C2=A0
Investor Relations - Antje Witte
antje.witte@ucb.com / T +3225599414
IMIDomics
Shani Lewis - slewis@realchemistry.com
About UCB
UCB, Brussels, Belgium (www.ucb.com) is a global biopharmaceutical company =
focused on the discovery and development of innovative medicines and soluti=
ons to transform the lives of people living with severe diseases of the imm=
une system or of the central nervous system. With approximately 8,700 peopl=
e in approximately 40 countries, the company generated revenue of =E2=82=AC=
5.5 billion in 2022 UCB is listed on Euronext Brussels (symbol: UCB). Follo=
w us on Twitter: @UCB_news.
About IMIDomics
IMIDomics has established itself as a leader in the use of deep, multidimen=
sional patient data to generate insights into complex diseases, an approach=
that is set to dictate the future of precision IMID therapeutics. Its Clin=
ical Discovery EngineTM is built on the foundation of the IMID Investigator=
Consortium led by Dr. Sara Marsal, Co-founder and Chief Medical Officer of=
IMIDomics, at the Vall d=E2=80=99Hebron Research Institute in Spain, which=
has generated comprehensive patient data under a single unified protocol t=
hat ensures the quality of the data collected, relevance to disease, and pr=
ecise alignment of phenotypic and biomolecular data. These data allow the i=
dentification of targets underpinning disease phenotypes and the identifica=
tion of those patients who are most likely to respond to new medicines, imp=
roving the therapy for patients while streamlining the drug development pro=
cess. IMIDomics has identified previously unrecognized targets, six of whic=
h have been selected for development within IMIDomics=E2=80=99 active drug =
pipeline. To learn more about IMIDomics, please visit www.imidomics.com (ht=
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GenericFile
FINAL UCB IMIDomics 28 FEB 76 (https://u7061146.ct.sendgrid.net/ls/click?up=
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