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ChemAxon Tapped to Provide Software for European Drug Discovery Consortium

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ChemAxon said recently that it will provide cheminformatics software for the European Lead Factory, an international consortium of 30 partners that provides access to small molecules and compounds that could be used to develop new medicines.

Specifically, ChemAxon will use components of its JChem Base, Discovery, and Marvin toolkits to build a portal through which the consortium will be able to track, score, and analyze submitted proposals for new drug compounds.

With an expected budget of about €196 million ($255 million), the European Lead Factory is supported by the Innovative Medicines Initiative and comprises small and medium-sized enterprises, academic institutions, and large pharmaceutical companies. It is developing a compound library that will contain about 500,000 compounds derived from public and private collections, which it will make available to project partners and public organizations.

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