The Centre for Drug Research and Development

The Centre for Drug Research and Development
TEC Edmonton

July 13, 2011 12:00 ET

The Centre for Drug Research and Development (CDRD) and TEC Edmonton Join Forces to Help University of Alberta Researchers

EDMONTON, ALBERTA and VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2011) - For University of Alberta medical drug researchers, the long and winding road from pharmaceutical laboratory discoveries to commercial opportunity has just become straighter and faster.

The Centre for Drug Research and Development (CDRD) and TEC Edmonton have signed an affiliation agreement allowing University of Alberta researchers with promising health discoveries to access CDRD's world-class expertise and infrastructure.

The Centre for Drug Research and Development (CDRD) (www.cdrd.ca) is a not-for-profit public/private organization headquartered in Vancouver that is recognized by the Government of Canada as a Centre of Excellence for Commercialization and Research (CECR). As such, it provides drug development expertise and infrastructure to researchers from more than 20 leading academic and health research institutions from across Canada to advance commercially promising, early-stage drug candidates.

TEC Edmonton is a not-for-profit joint venture between the University of Alberta and the Edmonton Economic Development Corporation. TEC Edmonton is Greater Edmonton's business incubator and accelerator for fledgling high-tech companies of all stripes, including bio-health. On campus, TEC Edmonton helps researchers turn their scientific solutions into business opportunities. It also serves as the exclusive technology transfer agent for the University of Alberta.

Says CDRD President and CEO Natalie Dakers: "We are very pleased to be entering into this agreement with our western Canadian neighbours. Through this collaboration, CDRD's pipeline of new health technologies will be enhanced while University of Alberta researchers will gain access to our state-of-the-art drug development platforms coupled with our specialized scientific and business expertise to advance their technologies to a stage where they are sufficiently de-risked for private sector consideration."

Responds TEC Edmonton President and CEO Chris Lumb: "TEC Edmonton, as part of its mandate to commercialize emerging technologies in the region, is pleased to partner with CDRD to bring new funding and resources to University of Alberta researchers. Medical innovations drive both better health and new business creation, and the University of Alberta is one of Canada's leading medical research universities. CDRD's specialized expertise will be an important addition to the University of Alberta's capabilities."

For more information about CDRD and TEC Edmonton, please visit their respective websites at www.cdrd.ca and www.TECedmonton.com.

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