Compugen, Human Genome Sciences Announce Major Initiative in Human Gene Mapping
By Globes correspondent
From Israel's Business Arena - Globes
March 2, 2000
Human Genome Sciences, Inc. (Nasdaq: HGSI) and Compugen scientists will work
together at HGSI, using the Compugen LEADS computational analysis platform,
to analyze HGSI's collection of human genes. The work is expected to result
in the creation of a chromosomal map of most expressed genes, the creation
of a large collection of single nucleotide polymorphisms in expressed genes
(called cSNPs), and the creation of a comprehensive description of human
gene organization and splicing variants. HGSI will pay Compugen a fixed
multi-million dollar fee for work to be completed within the next 12 months
and will hold the exclusive rights to commercialize the results of the
study.
Arthur Mandell, HGSI Senior Vice President, of Corporate and Business
Development, said, "We expect the collaboration with Compugen to be of great
economic value. Mapping of human genes can lead to new means to predict,
detect and eventually treat inherited disease. The knowledge of human
polymorphisms can be used to help create a new generation of safer, more
effective medicines. We expect that analyses of splicing variants will
provide a wealth of new opportunities to develop genes and proteins to treat
and cure disease. Together, the new knowledge we gain from the collaboration
with Compugen should add value to our own research and discovery efforts,
and provide alternative attractive opportunities for our present and future
scientific and business partners."
Human Genome Sciences' mission is to develop products to predict, prevent,
detect, treat and cure disease based on its discoveries and understanding of
human and microbial genes. HGSI has isolated and characterized what it
believes to be more than 95% of all human genes. To date, HGSI scientists
have isolated more than 2.5 million messenger RNAs from a representative
sample of all human organs and tissues. cSNPs are used to speed the
identification of genes that give rise to inherited genetic diseases. cSNPs
are also used to uncover biochemical differences between individuals that
determine sensitivity or resistance to drug treatment.
Compugen employs a team of more than 100 people, 90 of which are
Mathematicians, Computer Scientists and Biologists. The R&D; team includes
over 50 team members with advanced degrees (20 Ph.D./M.D. and 36 M.Sc.).
Published by Israel's Business Arena on March 2, 2000.
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