Albany Molecular Research Signs Agreement with Multispan Inc.

Albany Molecular Research Inc. (NASDAQ:AMRI) as signed a collaboration agreement with Multispan Inc. The companies will co-market their G protein-coupled receptor (GPCR) drug discovery services to pharmaceutical and biotechnology clients.
According to the press release:

As part of the three-year agreement, AMRI gains access to Multispan’s uniquely differentiated GPCR cell lines, assay capabilities and expertise. Multispan’s customers will benefit from AMRI’s global integrated drug discovery solutions, including high-throughput screening (HTS) and discovery medicinal chemistry.
“We are excited to be entering into this collaboration with Multispan as we implement our new U.S. integrated drug discovery center located on the Buffalo Niagara Medical Campus,” said Rory Curtis, Ph.D., Vice President, Discovery Biology and Pharmacology, and Site Head of AMRI Buffalo. “As a biotechnology company that exclusively focuses on drug discovery research targeting GPCRs, Multispan has an impressive collection of human GPCR clones and GPCR-expressing cell lines for HTS, which will be beneficial to AMRI’s integrated drug discovery efforts.”
Aimed at increasing success in GPCR drug discovery, the alliance with Multispan is an example of the local and national partnerships AMRI is creating to combine validated assays and technologies with its state-of-the-art HTS and analytic informatics.

Click here to read the full press release.