SAN DIEGO, June 6 - Roche will give the Human Proteome Project €5 million, or roughly $4.7 million, to help create a public repository of antibodies, HUPO President Sam Hanash said today.
Hanash added that the pharma giant is putting together an international group of investors that will infuse an additional €40 million towards the enterprise. He said Roche expects the US National Institutes of Health to cough up matching funds. A timeline was not immediately available.
Hanash, who made the announcement at the Beyond Genome meeting here, said Roche's commitment came during a meeting in late April. (At press time, Roche had not confirmed the account.)
The HUPO head also said that Amersham Biosciences had agreed during that same April meeting to become the organization's first sponsor with a contribution of approximately $500,000.
Earlier this week, HUPO and Amersham kicked off a joint North American and European tour to spread the work about new proteomics research and educate researchers about new technologies in the field.