European Lead Factory wins Multiparty Collaboration award

News
23 February 2018

On Thursday 22 February, the European Lead Factory (ELF) won the Multiparty Collaboration award at the Scottish Knowledge Exchange Awards ceremony 2018. This reward, organised by Interface, recognises and rewards the impacts achieved through collaborative academic and business partnerships. The ELF collaboration comprises 30 public and private partners from across Europe, including large pharmaceutical companies, SMEs, CROs and academic institutions.

ELF provides access to High-Throughput Screening to test medicinal compounds leading to the creation of new medicine. The model is bridging the so-called “Valley of Death”, creating investable opportunities from scientific innovation. To date, 88 drug targets have been accepted by ELF (10 from Scotland). This benefitted 50 drug discovery businesses and academic organisations by providing a very significant kick start to their drug development programmes, together with the opportunity for ownership of the intellectual property rights.

The judges were impressed with the promise and potential that the European Lead Factory collaboration holds: “There have been immediate outputs with the promise of much more. A unique and extraordinary asset for Scotland.”

The Scottish Government Minister for Business, Innovation and Energy, Paul Wheelhouse, said: “The awards are a showcase for some of the best examples we have in Scotland of what can be achieved when business and academia work together towards a common goal.”

Read the announcement of the winners here.