ChemDiv, Inc. has entered into a multi-project research and collaboration agreement with Janssen Pharmaceutica and Tibotec Pharmaceuticals, two Johnson & Johnson subsidiaries. ChemDiv will apply its integrated drug discovery expertise and technologies to identify novel small molecules against targets to be jointly agreed upon. For each research project, Janssen or Tibotec will fund certain R&D costs of ChemDiv. ChemDiv will be eligible for certain success milestones. Financial terms were not disclosed.

ChemDiv will conduct much of the research under this arrangement through its Moscow subsidiary, ChemDiv Research Institute (CDRI), anchored at the ChemRar High Tech Centre. The research will also be supported by ChemDiv’s laboratories in San Diego.

Nikolay Savchuk, chairman of ChemDiv Research Institute, remarked, “We are focused on pioneering approaches to innovative R&D partnering at ChemDiv. Collaborative risk sharing under this strategic arrangement is aimed at fostering R&D productivity and broadening emerging market access. We are delighted to work with Janssen under a flexible entrepreneurial model more common to biotech ventures.”