PR Newswire | 914 days 2 hours 13 minutes ago

Organon and Philips Team Up to Study Drug Effects at the Molecular Level


OSS, Eindhoven, Netherlands, May 23 /PRNewswire-FirstCall/ -- N.V. Organon and Royal Philips Electronics announced today that they will join forces in the development of new drugs and therapies for mental disorders and cancer. With the help of biomarkers (specific molecules or cells which can be measured as an indicator of biological function) and Philips' advanced non-invasive medical imaging technology, it will for example be possible to study the effects of psychiatric drugs in the brain at the molecular level.

Molecular imaging technologies are expected to speed up the development and approval of new drugs and therapies by measuring drug effects at the molecular level. In addition, these imaging technologies can be used to monitor the effect of the therapy and customize the treatment program accordingly. Such customized treatment programs could increase effectiveness and comfort, and ultimately accelerate and improve patient outcomes.

"Organon has invested heavily in optimizing its R&D efforts," explained David Nicholson, Executive Vice President Research and Development of Organon. "We are convinced that biomarker research will accelerate the R&D process and improve the success rate of developing new molecular and biological therapies. In particular, our drug development programs for treatment of psychiatric and immune disorders are expected to benefit from this collaborative research effort with Philips."

"Our medical imaging modalities are rapidly improving and have evolved into extremely powerful tools to image the function and behavior of an anatomical feature, and not just its shape," said Rick Harwig, CTO of Philips. "The combined technological expertise of Philips and the life sciences know- how of Organon, will definitely speed up the evolution of our imaging modalities into tools to image the body at the molecular level. In addition, they will enable new opportunities in molecular diagnostics."

As part of the agreement, scientists from Organon will work at the Philips Life Sciences Facilities to identify, validate, and above all, exploit novel biomarkers. The Life Sciences Facilities, situated at the High Tech Campus in Eindhoven, is a multi-disciplinary research facility, which provides the necessary biological, chemical and technical infrastructure and expertise for research and development in the field of translational biomarkers and molecular medicine.

About Organon

Organon creates, manufactures and markets innovative prescription medicines that improve the health and quality of human life. Through a combination of innovation and business partnerships, Organon seeks to leverage its position as a leading biopharmaceutical company in each of its core therapeutic fields: fertility, gynecology and selected areas of anesthesia. It has extensive expertise in neuroscience and a rich and focused R&D program. Research areas also include immunology and specific areas of oncology. Organon products are distributed in over 100 countries worldwide, of which more than 50 have an Organon subsidiary. Organon is the human healthcare business unit of Akzo Nobel.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands is a global leader in healthcare, lifestyle and technology, delivering products, services and solutions through the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs approximately 124,300 employees in more than 60 countries worldwide. With sales of EUR 27.0 billion in 2006, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, personal care and home appliances, as well as consumer electronics. News from Philips is located at www.philips.com/newscenter.

Safe Harbor Statement

This press release may contain forward-looking statements as defined in applicable law. These forward-looking statements, addressing without limitation such key issues as growth strategy, future financial results, market positions, and product development, are based on current expectations of future events and circumstances and can be identified by the fact that they use words such as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "believe", "target", "forecast", and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or business prospects.

Such forward-looking statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these forward-looking statements. Organon BioSciences undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or circumstances, or otherwise.

The forward-looking statements in this press release should be evaluated together with the many uncertainties that affect Organon BioSciences' business, particularly but without limitation including general industry conditions and competition; economic conditions, such as interest rate and currency exchange rate fluctuations; technological advances and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approvals; domestic and foreign health care reforms and governmental laws and regulations; and trends toward health care cost containment.

Philips

CONTACT: Monique Mols, Director, Media Relations of NV Organon,
+31-412-665440, monique.mols@organon.com; or Andre Manning of Philips
Electronics North America, +1-646-508-4545, andre.manning@philips.com

Web site: http://www.philips.com/newscenter/


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