Axxam and the NEOMED Institute to Collaborate on the Discovery and Development of a Novel Drug to Treat Metabolic Diseases

Montreal (Canada) and Milan (Italy) – February 18, 2016 – Axxam SpA, a leading discovery company with expertise in target biology and a broad range of early phase discovery solutions and NEOMED Institute, a public-private organization dedicated to drug discovery and the development of therapeutics up to human proof of concept, announced today that they have entered into a strategic drug discovery partnership. The aim of the collaboration is to identify and develop novel small molecule agonists of FFA4 (also known as GPR120) linked to a range of metabolic and inflammatory diseases. Several preclinical studies and human genetics data support the development of a GPR120 agonist as a highly differentiated treatment of diabetes with potential to impact a number of parameters, including protection of the pancreatic β-cells.

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