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Wyeth, Scottish Enterprise Pledge $86M for New Translational Research Collaboration

NEW YORK, April 12 (GenomeWeb News) - Scotland's economic development agency Scottish Enterprise and Wyeth Pharmaceuticals plan to set up a translational medicine research collaboration in Scotland, the groups said last week.

 

According to Scottish Enterprise, Wyeth will invest approximately $57 million, while the agency has pledged up to $30 million over the next five years. 

 

The collaboration will pair Wyeth and National Health Service Scotland with the Universities of Aberdeen, Dundee, Edinburgh, and Glasgow, in an effort to use Scottish resources to develop new drugs and diagnostics, with an emphasis on clinical trials.

 

Specifically, the partnership will create a 50-employee central research lab at the University of Dundee to coordinate clinical research with labs at the other member universities.

 

Wyeth and Scottish Enterprise said they have the option to extend their collaboration for another five years after the first period of the project concludes.