Axxam Announces Two Discovery Collaboration Agreements with Boehringer Ingelheim

Axxam announced that the discovery research and services company has entered into two drug research collaboration agreements with Boehringer Ingelheim. The first collaboration agreement aims to identify and validate therapeutic targets with subsequent assay development, high-throughput screening (HTS) and lead optimization through the joint efforts of Axxam and Boehringer Ingelheim researchers. The second agreement covers the transfer of protein material and a corresponding specific functional assay for high-throughput screening (HTS) to Boehringer Ingelheim. Axxam will receive fees as the collaboration progresses and milestone payments for successful exploitation of results through development stages. Further financial details of the agreements are not disclosed.