4SC acquires interest in Nexigen

(lifePR) ( Planegg-Martinsried, Germany, )
The Martinsried-based drug discovery and development company 4SC AG (Frankfurt, Prime Standard: VSC) today announced the acquisition of an almost 4 per cent stake in Nexigen GmbH, located in Bonn. With this stake, 4SC AG also receives a takeover option entitling it to the exclusive right to acquire Nexigen completely within 15 months.

Nexigen GmbH is a spin-off from the Bonn research centre caesar. The company, which was set up in August 2007, concentrates on research in the area of protein interaction analysis and the development of protein inhibitors.

Using the high throughput screening method, scientists at Nexigen are looking into if and how a so called target protein is linked with a disease. Using bioinformatics novel interaction partners of proteins can be identified in a relatively short time and new inhibitor mechanisms for disease-relevant proteins discovered.

In addition to this protein interaction analysis and within the context of its own research projects, Nexigen is developing drug candidates, particularly in the field of viral infections.

Dr Daniel Vitt, Chief Scientific Officer at 4SC AG, commented, 'We are convinced of the technological potential of Nexigen. If the company develops according to plan, we see their expertise as being a valuable addition to our own technology platform.' 4SC AG is already planning to conclude a research agreement with Nexigen GmbH during the takeover option period, enabling 4SC to use the technology platform for its own research purposes, explains Vitt further.

The main investor in Nexigen GmbH's financing round was Santo Holding (Deutschland) GmbH, who is the largest single shareholder in 4SC AG.

About Nexigen GmbH

Nexigen GmbH was set up in August 2007 by an interdisciplinary team of four scientists with the support of a business angel. Since 2002 the pre-seed phase has been supported as a successful spin-off project at the caesar research centre in Bonn.

The start-up company Nexigen GmbH has specialised in innovative procedures for cellular screening systems for proteins and peptides. Patented technologies enable efficient development of innovative drug candidates which have minimal side effects for diseases which are difficult to treat.

The proprietary technology platform is currently being used for their own therapeutic projects and co-operation with pharmaceutical companies.

Projects with prestigious Top 20 pharmaceutical companies such as Bayer-Schering and Johnson & Johnson Pharmaceutical Research & Development, as well as with international biotech companies, have already been successfully carried out. The establishment of an own project pipeline initially aims to develop therapeutic peptides for the treatment of viral infections.

More information is available at www.nexigen.de
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