NEW YORK, Feb. 27 - Caprion Pharmaceuticals has asked neighboring McGill University to help expand its proteomics research, the company said on Wednesday.
Terms of this open-ended agreement call for Caprion to give McGill roughly C$1 million for certain proteomics research performed by John Bergeron, chair of the anatomy and cell biology department at McGill who also is Caprion's chief scientific officer for proteomics.
Caprion said it will have access to certain IP to any "technical innovations" developed under the collaboration, along with exclusive rights to license any proteomic technologies that may develop.
"Partnering with Caprion provides significant long-term funding that is not always available to our academic researchers," Pierre Bélanger, vice principal for research at McGill, said in a statement. Abe Fuks, dean of medicine at the school, added that the alliance "supports fundamental research at McGill while helping train the next generation of graduates to better meet industrial needs."
Caprion and McGill are both based in Montreal.