BioWorld International Correspondent
Max Planck Innovation GmbH, the technology transfer arm of Germany's Max Planck Society, has spun out a new subsidiary, the Lead Discovery Center GmbH (LDC), to take forward innovative, early stage projects that are as yet unready for commercial out-licensing deals.
LDC, based in Dortmund, Germany, will take in promising projects from throughout the society's network of research institutes and progress them through to lead structures that are ready for optimization and preclinical development, before out-licensing them to commercial partners.
The Max Planck Society, which had a budget of more than C1.4 billion (US$2.2 …
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