Amgen Announces PartnershipsWednesday, January 15, 2014
Amgen Inc. on Wednesday announced two partnerships that the Thousand Oaks biotech hopes will eventually expand its product offerings to treat bowel disorders and colorectal cancer.
Amgen will work with the Massachusetts General Hospital, the Broad Institute of Harvard and Massachusetts Institute of Technology to share research to develop for inflammatory bowel disease, which now has a limited number of treatment options. The Broad Institute receives major funding from foundation founded by L.A. billionaire Eli Broad.
The project will include collection and analysis of DNA samples from bowel disorder patients in an effort to identify genetic targets, probe gene function and develop drugs.
Separately, San Diego drug developer Illumina Inc. said it signed an agreement with Amgen Inc. to develop a genetic diagnostic test for Amgen’s Vectibix, which treats late-stage colorectal cancer.
Financial terms were not disclosed for either partnership.