Algiax Pharmaceuticals is founding partner of the new Center of Competence for Innovative Diabetes Therapy (KomIT) funded by NRW and EU
March 27, 2019, Erkrath, Germany– Algiax Pharmaceuticals is part of a new consortium of eight partners from industry and academia focusing on the development of new diabetes therapies. During the next three years, a new Center of Competence will be established at the German Diabetes Center (DDZ) based on a total funding of about 3.5 Mio Euro provided by Northrhine-Westphalia and the EU. This center is coordinated by DDZ and aims at efficient translation of new research results into clinical application, finally improving therapeutic options for diabetic patients. Algiax has several preclinical drug candidates which have a great potential for further development as a new anti-diabetic therapy.
The continuous rise in the number of diabetic patients in Germany and the associated socio-economic burden for the health system urgently require the development of new causal therapies. “Together with our partners we aim to establish a sustainable infrastructure, to bring innovative approaches of diabetes therapy rapidly and directly to the patients” explains Prof. Michael Roden, scientific Director of the German Diabetes Center and coordinator of the new Center of Competence for Innovative Diabetes Therapy (KomIT). “Our joint activities aim to bundle expertise, finally leading to scientific and technological break-throughs in diabetes research”. In addition to Algiax Pharmaceuticals and DDZ, the other partners are: LDC, Taros Chemicals GmbH & Co. KG, vivo Science GmbH, A & M Labor für Analytik und Metabolismusforschung Service GmbH, PROFIL Institut für Stoffwechselforschung GmbH, and TU Dortmund with the Drug Discovery Hub Dortmund (DDHD).
This novel research infrastructure provides a strong boost for the pharma and biotech sector in Northrhine-Westphalia and supports innovation and competitiveness in NRW. The project is funded within the program “EFRE.NRW – Investitionen in Wachstum und Beschäftigung” supported by NRW and the European Union.