Toronto, ON, June 11, 2019 (GLOBE NEWSWIRE) —
It is estimated that 5% of the global population is affected by Major Depressive Disorder (MDD) at any given time. While there are many antidepressant drugs on the market, most of these drugs need weeks to take effect, if at all. This exciting new project hopes to develop a novel rapid-acting antidepressant that has the potential to provide patient relief much faster than conventional treatments.
The project builds on years of research led by Dr. José Nobrega at CAMH, a MaRS Innovation member organization. Dr. Nobrega has been focused on targeting a specific channel in the brain that plays a key role in mediating emotional and stress responses. The new collaboration – the fifth to be developed under MaRS Innovation’s LAB150 partnership with German-based Evotec SE – aims to develop selective drugs that will modulate these channels in order to produce rapid antidepressant activity.
“Depression is a leading cause of death and disability around the world”, says Dr. José Nobrega. “Identification of new rapid-acting antidepressant treatments could have a major impact on the treatment of depression and the associated risk of suicide. The LAB150 opportunity allows my lab to conduct large-scale drug screening research with our Evotec collaborators, and represents a very significant step towards translating my research into a product of benefit to patients suffering from MDD.”
“It is hugely gratifying to work with the team at both CAMH and Evotec in order to tackle this important and debilitating condition” says Dr. Rafi Hofstein, President & CEO of MaRS Innovation. “Once again, the LAB150 program is validated as a unique platform through which academic research is advanced to commercial potential, quickly and efficiently. The outcome of this new project could make a considerable impact on the mental health of those affected by depression.”
About the Centre for Addiction and Mental Health
The Centre for Addiction and Mental Health (CAMH) is Canada’s largest mental health and addiction teaching hospital and a world leading research centre in this field. CAMH combines clinical care, research, education, policy development and health promotion to help transform the lives of people affected by mental illness and addiction. CAMH is fully affiliated with the University of Toronto, and is a Pan American Health Organization/World Health Organization Collaborating Centre. For more information, please visit camh.ca or follow @CAMHnews on Twitter.
About MaRS Innovation
MaRS Innovation is a leading provider of commercialization services, early-stage funding, and deal-brokering with industry and private investors. As a member-based organization made up 14 Member institutions, MaRS Innovation’s mandate is to drive the commercialization of their most promising research breakthroughs. MaRS Innovation’s portfolio consists of early-stage assets and companies. Our team leverages its deep expertise and experience to mature our portfolio via important global and strategic partnerships. With an active portfolio of more than 40 companies which have raised in excess of $200M from global investors, and with the creation of more than 400 direct jobs, MaRS Innovation is truly a leader in the commercialization field. For more information please visit www.marsinnovation.com and follow us on Twitter @marsinnovation.
About Evotec SE
Evotec is a drug discovery alliance and development partnership company focused on rapidly progressing innovative product approaches with leading pharmaceutical and biotechnology companies, academics, patient advocacy groups and venture capitalists. We operate worldwide and our more than 2,600 employees provide the highest quality stand-alone and integrated drug discovery and development solutions. We cover all activities from target-to-clinic to meet the industry’s need for innovation and efficiency in drug discovery and development (EVT Execute). The Company has established a unique position by assembling top-class scientific experts and integrating state-of-the-art technologies as well as substantial experience and expertise in key therapeutic areas including neuronal diseases, diabetes and complications of diabetes, pain and inflammation, oncology, infectious diseases, respiratory diseases and fibrosis. On this basis, Evotec has built a broad and deep pipeline of approx. 100 co-owned product opportunities at clinical, pre-clinical and discovery stages (EVT Innovate). Evotec has established multiple long-term alliances with partners including Bayer, Boehringer Ingelheim, Celgene, CHDI, Novartis, Novo Nordisk, Pfizer, Sanofi, Takeda, UCB and others. For additional information please go to www.evotec.com and follow us on Twitter @Evotec.