• Synergy Partners offers significant experience in drug discovery and development. Areas of specialty include R&D strategy, medicinal chemistry, pharmacology, metabolism, drug safety and clinical development.
  • Synergy Partners will provide strategic advice and scientific support to Allied-Bristol Life Sciences’ R&D efforts.

Allied-Bristol Life Sciences, LLC, a biopharmaceutical enterprise jointly owned between Allied Minds (LSE: ALM) and Bristol-Myers Squibb Company (NYSE: BMY), today announced that it formed a strategic partnership with Synergy Partners R&D Solutions, LLC.

Synergy Partners, co-founded by Catherine D. Strader, Ph.D. and James S. MacDonald, Ph.D., comprises a network of over 20 well-respected experts that collectively have taken more than 100 drugs from discovery through development. Their team of scientists offers expertise in areas such as disease biology, medicinal chemistry, process chemistry, toxicology, pharmacology and drug safety, and have proven track records at many of the world’s leading biopharmaceutical companies, including Bristol-Myers Squibb, Merck & Co., AstraZeneca, Pfizer Inc., Johnson & Johnson and Eli Lilly & Co.

This collective expertise offers essential insights for Allied-Bristol Life Sciences’ efforts to identify the most promising early-stage therapeutic opportunities at leading U.S. academic research institutions, and transform them into robust pre-clinical candidates for follow-on clinical development.

“The drug development team at Synergy Partners includes leaders within the biopharmaceutical industry in diseases of high interest to Allied-Bristol Life Sciences. We are pleased to have them joining our team as we move forward with this unique opportunity to advance academic innovations to drug candidates,” said Chris Silva, Chief Executive Officer of Allied Minds.

Allied-Bristol Life Sciences was formed earlier this year to identify discoveries from academic labs with promising therapeutic and commercial potential, and to drive these early-stage innovations from initial feasibility to pre-clinical candidacy. Synergy Partners will assist these efforts by lending strategic insights and decades of experience in the development, execution and management of critical experiments and achievement of key milestones needed to successfully advance each research program.

“We are excited by the opportunity to work with Allied-Bristol Life Sciences to build a portfolio of novel and differentiated pre-clinical candidates,” said Synergy Partners’ Strader. “Synergy Partners is committed to bringing innovative new medicines to patients and Allied-Bristol Life Sciences offers a terrific model for optimizing innovation in the world of biopharmaceuticals.”

About Allied-Bristol Life Sciences

Allied-Bristol Life Sciences (ABLS) is a joint venture between Allied Minds and Bristol-Myers Squibb Co. that aims to deliver the important medicines for tomorrow. Based upon compelling biological discoveries and insights from scientists at leading U.S. research institutions, ABLS will identify, source and de-risk promising, early-stage therapeutic opportunities, from discovery through development, in key therapeutic areas, including fibrosis, cardiovascular diseases, oncology, immunology, virology and genetically defined diseases. For more information, visit http://alliedminds.com/subsidiaries/allied-bristol.

About Allied Minds

Allied Minds (LSE: ALM) is an innovative U.S. science and technology development and commercialization company. Operating since 2006, Allied Minds forms, funds, manages and builds products and businesses based on innovative technologies developed at leading U.S. universities and federal research institutions. Allied Minds serves as a diversified holding company that supports its businesses and product development with capital, central management and shared services. More information about the Boston-based company can be found at www.alliedminds.com.

Allied Minds Forward-Looking Statement

This press release contains statements that are or may be forward-looking statements, including statements that relate to the company’s future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risk and uncertainties described in the risk factors included in the company’s regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Prospectus Rules, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

ArcPoint Strategic CommunicationsChristine Dunn, 617-484-1660 x101cdunn@arcpointstrategy.com

Bristol Myers Squibb (NYSE:BMY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Bristol Myers Squibb Charts.
Bristol Myers Squibb (NYSE:BMY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Bristol Myers Squibb Charts.