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BioSeek and Ono begin multi-year drug discovery collaboration
May 2010
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SOUTH SAN FRANCISCO, Calif,Asterand plc subsidiary BioSeek LLC and Japanese specialty pharma Ono Pharmaceutical Co. Ltd. have signed a three-year drug discovery collaboration agreement under which BioSeek will apply its proprietary BioMAP platform on a specific drug target class designated by Ono, performing phenotypic screening and for hit identification, lead optimization and clinical candidate selection. According to the agreement's terms, BioSeek will receive unspecified research funding and milestone payments upon achievement of a certain milestone by a drug candidate discovered under this collaboration. Ono will have worldwide rights to develop and sell all pharmaceutical products discovered through the collaboration. 

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