{"id":389438,"date":"2020-11-30T08:03:39","date_gmt":"2020-11-30T13:03:39","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389438"},"modified":"2020-11-30T08:03:39","modified_gmt":"2020-11-30T13:03:39","slug":"cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\/","title":{"rendered":"Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery<\/b><\/p>\n<p>CHENGDU, China&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nShanghai Stock Exchange listed company HitGen Inc. (\u201cHitGen\u201d) today announced that it has entered into a research collaboration agreement with Cedilla Therapeutics, Inc. (\u201cCedilla\u201d), a private biotechnology company developing targeted small molecules for the treatment of cancer and other diseases caused by protein dysregulation. The companies will conduct joint research to identify and develop drug candidates directed to a validated, high-value target in oncology that has remained beyond the reach of previous efforts.\n<\/p>\n<p>\nHitGen is a world leading biotech company in DNA encoded library-screening, a high throughput compound screening technology, where more than 100,000 times larger libraries can be used than in traditional drug discovery. The platform thus enables faster identification of innovative drug candidates with improved target specificity and enhanced drug-like characteristics.\n<\/p>\n<p>\nPursuant to the terms of the collaboration agreement, HitGen has successfully applied its DEL technology and discovered program compounds that met certain criteria, and Cedilla has received an exclusive license to these compounds as well as associated IP for further development and commercialization. HitGen will be eligible for milestone payments and sublicensing income from Cedilla as the project progresses, in addition to research payments and upfront license fee.\n<\/p>\n<p>\n\u201cHitGen is a perfect partner for us in this program, with their cutting-edge DEL platform for screening. Their technology is well established and is now widely used by leading global pharmaceutical and biotech companies,\u201d said Dr. Alexandra Glucksmann, President and CEO of Cedilla. \u201cWith HitGen\u2019s support, we are able to accelerate our ongoing efforts to pursue a breadth of high-value oncology targets that have eluded conventional therapeutic modalities. We are very pleased with the program compounds discovered by HitGen to date, are excited to advance these programs forward as we pursue our mission of delivering profound benefit to patients in areas of high unmet need.\u201d\n<\/p>\n<p>\n\u201cWe are delighted to enter this collaboration with Cedilla, and believe their unique approach to identifying functionally-relevant proteoforms represents a powerful advance in how we think about treating diseases caused by protein dysregulation,\u201d said Dr. Jin Li, Chairman of the Board and Chief Executive Officer of HitGen. \u201cWe believe the collaboration will reinforce the role and reputation of HitGen\u2019s platform in the rapidly developing field of DEL and further demonstrates the power of our DEL platform to discover novel small molecules against a variety of targets. We are working closely with Cedilla scientists and have seen early success towards generating new small-molecule lead compounds for their research programs to help bring transformative medicines to patients.\u201d\n<\/p>\n<p><b>About Cedilla Therapeutics, Inc.<\/b><\/p>\n<p>\nCedilla is a private biotechnology company developing targeted small molecule medicines for the treatment of cancer and other diseases caused by protein dysregulation. The company employs a target-centric approach, focusing on scientifically-validated drivers of disease that have eluded conventional therapeutic modalities. Cedilla identifies functionally-relevant proteoforms, or protein states, creating novel opportunities for therapeutic intervention. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cedillatx.com&amp;esheet=52337961&amp;newsitemid=20201130005084&amp;lan=en-US&amp;anchor=www.cedillatx.com&amp;index=1&amp;md5=97f440624b39a144db40354bee416dcf\">www.cedillatx.com<\/a>.\n<\/p>\n<p><b>Investor Contact (Cedilla):<br \/>\n<br \/><\/b>Hannah Deresiewicz<br \/>\n<br \/>Stern Investor Relations, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:hannah.deresiewicz@sternir.com\">hannah.deresiewicz@sternir.com<br \/>\n<\/a><br \/>212-362-1200\n<\/p>\n<p><b>About HitGen Inc. <\/b><\/p>\n<p>\nHitGen is a rapidly growing biotech company with headquarter and main research facility based in Chengdu, China and with a subsidiary in the USA. HitGen has established a platform for small molecule drug discovery research centered on the design, synthesis and screening of DNA encoded chemical libraries (DELs). HitGen\u2019s DELs contain over 500 billion novel, diverse, drug-like small molecule and macrocyclic compounds. These compounds are members of DELs synthesized from many hundreds of distinct chemical scaffolds, designed with tractable chemistry, and yielded proven results for the discovery of small molecule leads against precedented and unprecedented classes of biological targets. HitGen is collaborating with pharmaceutical, biotech, and chemical companies, foundations and research institutes in North America, Europe, Asia and Africa to discover and develop approaches for novel medicines and other solutions.\n<\/p>\n<p>\nFor more information, please call:<br \/>\n<br \/>+86-28-85197385<br \/>\n<br \/><strong>or visit:<br \/>\n<br \/><\/strong><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.hitgen.com&amp;esheet=52337961&amp;newsitemid=20201130005084&amp;lan=en-US&amp;anchor=www.hitgen.com&amp;index=2&amp;md5=6b6843f4f655a1de6e3cbbbdd19be8c2\">www.hitgen.com<\/a><\/p>\n<p><strong>For business development:<br \/>\n<br \/><\/strong><a rel=\"nofollow\" href=\"mailto:bd@hitgen.com\">bd@hitgen.com<br \/>\n<\/a><br \/><strong>For investor inquiries:<br \/>\n<br \/><\/strong><a rel=\"nofollow\" href=\"mailto:investors@hitgen.com\">investors@hitgen.com<br \/>\n<\/a><br \/><strong>For media inquiries:<br \/>\n<br \/><\/strong><a rel=\"nofollow\" href=\"mailto:media@hitgen.com\">media@hitgen.com<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005084r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201130005084\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201130005084\/en\/<\/a><\/span><\/p>\n<p>Business Development<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:bd@hitgen.com\">bd@hitgen.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> China Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Health Genetics Research Pharmaceutical Science Biotechnology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery CHENGDU, China&#8211;(BUSINESS WIRE)&#8211; Shanghai Stock Exchange listed company HitGen Inc. (\u201cHitGen\u201d) today announced that it has entered into a research collaboration agreement with Cedilla Therapeutics, Inc. (\u201cCedilla\u201d), a private biotechnology company developing targeted small molecules for the treatment of cancer and other diseases caused by protein dysregulation. The companies will conduct joint research to identify and develop drug candidates directed to a validated, high-value target in oncology that has remained beyond the reach of previous efforts. HitGen is a world leading biotech company in DNA encoded library-screening, a high throughput compound screening technology, where more than 100,000 times larger libraries can be used than in traditional drug &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-389438","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery CHENGDU, China&#8211;(BUSINESS WIRE)&#8211; Shanghai Stock Exchange listed company HitGen Inc. (\u201cHitGen\u201d) today announced that it has entered into a research collaboration agreement with Cedilla Therapeutics, Inc. (\u201cCedilla\u201d), a private biotechnology company developing targeted small molecules for the treatment of cancer and other diseases caused by protein dysregulation. The companies will conduct joint research to identify and develop drug candidates directed to a validated, high-value target in oncology that has remained beyond the reach of previous efforts. HitGen is a world leading biotech company in DNA encoded library-screening, a high throughput compound screening technology, where more than 100,000 times larger libraries can be used than in traditional drug &hellip; Continue reading &quot;Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-30T13:03:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005084r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery\",\"datePublished\":\"2020-11-30T13:03:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\\\/\"},\"wordCount\":717,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201130005084r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\\\/\",\"name\":\"Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery - 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(\u201cHitGen\u201d) today announced that it has entered into a research collaboration agreement with Cedilla Therapeutics, Inc. (\u201cCedilla\u201d), a private biotechnology company developing targeted small molecules for the treatment of cancer and other diseases caused by protein dysregulation. The companies will conduct joint research to identify and develop drug candidates directed to a validated, high-value target in oncology that has remained beyond the reach of previous efforts. HitGen is a world leading biotech company in DNA encoded library-screening, a high throughput compound screening technology, where more than 100,000 times larger libraries can be used than in traditional drug &hellip; Continue reading \"Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-30T13:03:39+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005084r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery","datePublished":"2020-11-30T13:03:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\/"},"wordCount":717,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005084r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cedilla-and-hitgen-announce-research-collaboration-focused-on-dna-encoded-library-based-drug-discovery\/","name":"Cedilla and HitGen Announce Research Collaboration Focused on DNA-Encoded Library Based Drug Discovery - 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