WILEX subsidiary Heidelberg Pharma receives research grant from the European Union

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Munich, Germany, 25 February 2015 – WILEX AG (ISIN DE000A11QVV0 / WL6 / FSE) today announced that its subsidiary Heidelberg Pharma has been awarded a research grant from the European Union as part of the European Training Network (ETN) MAGICBULLET. The European Union supports promising research projects within the Horizon 2020 Framework Programme for Research and Innovation and has granted ETN MAGICBULLET a total of EUR 3.75 million for years 2015-2018 for the development of new chemistry-driven concepts for anti-tumour therapies.

Heidelberg Pharma is part of the ETN MAGICBULLET consortium which consists of seven academic research groups from Germany, Italy, Hungary and Finland, and two pharmaceutical companies (Heidelberg Pharma, Germany and Exiris, Italy). The aim of the consortium is to develop and validate an array of new peptide-drug conjugates combining tumour-specific peptides with potent cytotoxic drugs. Heidelberg Pharma’s task is to identify, modify and validate tumour-specific peptide-drug conjugates based on its expertise in linker technology as well as to investigate the biological activity in vitro and in vivo.

Dr Jan Schmidt-Brand, CEO/CFO of WILEX AG and Managing Director of Heidelberg Pharma GmbH, commented: “We are pleased that MAGICBULLET was selected for the HORIZON 2020 programme and we look forward to an intensive and fruitful collaboration with our MAGICBULLET partners. Peptide-drug conjugates are promising new concepts for the therapy of different tumour types.”

About Peptide-Drug Conjugates
Currently used anti-tumour drugs are highly cytotoxic and therapies often associated with severe side effects. Chemical compounds that specifically recognize molecular structures selectively present on tumour cells would be advantageous to target the delivery of a drug to a tumour cell and specifically eliminate these cells. Peptide-drug conjugates can easily penetrate tissues, and can be simply prepared in a homogenous form and large quantity with straightforward and well-defined conjugation chemistry.

About ETN MAGICBULLET
The ETN will develop and validate an array of new peptide-drug conjugates combining tumour-specific peptides with potent cytotoxic drugs. The consortium consists of seven academic research groups from Germany, Italy, Hungary and Finland, and two pharmaceutical companies from Germany and Italy. More information on the project is available at www.uni-bielefeld.de/chemie/oc3sewald/magicbullet.

About WILEX and Heidelberg Pharma
WILEX AG is a biopharmaceutical company which has a ready for partnering portfolio of antibody-based diagnostic and therapeutic Phase III product candidates for the detection and targeted treatment of clear cell renal cell carcinoma. Research and development focus on the operations of its subsidiary Heidelberg Pharma GmbH in Ladenburg, which primarily advances the development of the innovative platform technology for antibody drug conjugates (ADC technology) and provides pre-clinical drug discovery and development services. WILEX is listed at the Frankfurt Stock Exchange: ISIN DE000A11QVV0 / WKN A11QVV / Symbol WL6. More information is available at http://www.wilex.com/.

Contact
WILEX AG

Sylvia Wimmer
Corporate Communications
Tel.: +49 (0)89-41 31 38-29
Email: investors[at]wilex.com
Grillparzerstr. 10, 81675 Munich, Germany
IR/PR support
MC Services AG

Katja Arnold (CIRO)
Executive Director
Tel.: +49-89-210 228-40
Mobil: +49 160 9360 3022
Email: katja.arnold[at]mc-services.eu
Business Development
Heidelberg Pharma GmbH

Dr Marcel Linssen
CBO, Executive Vice President
Tel.: +49-(0) 6203 1009-40
Email: m.linssen[at]hdpharma.com 
 

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