Oregon Health & Science University joins BioPontis Alliance to advance research discoveries
01/19/12 Portland, Ore.
University is first West Coast academic institution to join the alliance
Oregon Health & Science University has joined the University Partnership of BioPontis Alliance, becoming the ninth premier institution engaged in the partnership to improve how discoveries made in laboratories at academic research centers translate into public benefit.
With the agreement, BioPontis Alliance will work to identify innovative and translational science with the potential to become treatments for cancer, neurological disorders, inflammation and infectious diseases. BioPontis Alliance will provide both a direct investment in support of academic inventors as well as a network of partners to challenge the viability of new drug targets or drug compounds; those that successfully stand the challenge will be advanced to generate the proof of principle data that pharmaceutical licensors require as a foundation for real-world treatments and cures.
“OHSU is pleased to be the first West Coast partner to join this group of leading institutions,” said OHSU President Joe Robertson, M.D., M.B.A. “We’re excited to begin work with BioPontis Alliance to identify promising inventions and leverage our research expertise in an effort to accelerate the lab to market process.”
BioPontis is a unique hybrid firm that combines early-stage capital investment with early-stage drug development. It has formed agreements with three leaders in the pharmaceutical industry: Merck, Pfizer and the Janssen Biotech unit of Johnson & Johnson. BioPontis Alliance uses its knowledge of these companies’ product priorities to seek out and evaluate relevant drug research at its Alliance universities. At the same time, the pharmaceutical partners contribute to the design of crucial drug development objectives, ensuring that new drug candidates meet their technical and regulatory standards.
“We have sought out research institutions like OHSU where there are world-class scientists working in an environment that shares our commitment to the translation of the types of innovation that can truly improve human health care outcomes,” said Bio Pontis Alliance’s Chief Scientific Officer, Henri Lichenstein, Ph.D. “OHSU is well aligned with our mission to unleash the value chain of discovery through greater development productivity. It is a natural fit for BioPontis Alliance to partner with OHSU in our economic and scientific sharing model. We expect that our relationship will not only bring OHSU inventions into the product development limelight, but also that we will benefit from access to some special capabilities and resources here.”
In addition to OHSU, the BioPontis University Alliance partners include:
- Columbia University
- Memorial Sloan-Kettering Cancer Center
- The University of Virginia
- New York University (including School of Medicine)
- The University of North Carolina at Chapel Hill
- The University of Florida
- The University of Pennsylvania
- The University of Kansas
About BioPontis Alliance
BioPontis Alliance LLC is an asset-based investment capital fund combined with a research and development company, a novel business model built to address the crisis of the eroding basis for new therapeutic products on which the pharmaceutical industry and our healthcare system relies. The model capitalizes on the biopharmaceutical industry and fund management experience of the principals to manage investment funds and directly manage the development of a portfolio of technology assets. BioPontis Alliance has unique agreements for economic and scientific sharing with leading biomedical academic research institutions from which novel discoveries are selected and has aligned its scientific development engine with leading pharmaceutical players on the “buy side.” BioPontis Alliance is based in Raleigh, N.C., with additional locations on the East coast.
Oregon Health & Science University is the state’s only health and research university and its only academic health center. As Portland's largest employer, OHSU's size contributes to its ability to provide many services and community support activities not found anywhere else in the state. OHSU serves patients from every corner of the state and is a conduit for learning for more than 4,300 students and trainees. OHSU is the source of more than 200 community outreach programs that bring health and education services to each county in the state.