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genOway Germany GmbH Company Profile

02:17 EDT 25th June 2018 | BioPortfolio

The development of a new drug costs roughly 800 M.USD. This huge investment has to cover both the development of the drug itself and the cost of unfruitful work. Dead-ends can represent up to 80% of the total cost of a successful drug. Major challenges in the drug development process are (1) to reduce high failure rates due to faulty candidate selection and false positives and (2) to identify all the potential candidates among the false negatives. There are thus great potential savings to be realized by making development more efficient. To help make these savings, genOway designs, develops and markets technologies and proprietary innovative genetically modified biological models. These solutions aim to increase the predictability and throughput of research in target validation, drug screening and pharmacological - toxicological studies.

Location

Grundstrasse 16
Hamburg
20257
Germany

Contact

Phone: 49 (0) 40 40 19 71 00
Fax: 49 (0) 40 43 20 82 61
Email: info@genoway.com.


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More Information about "genOway Germany GmbH" on BioPortfolio

We have published hundreds of genOway Germany GmbH news stories on BioPortfolio along with dozens of genOway Germany GmbH Clinical Trials and PubMed Articles about genOway Germany GmbH for you to read. In addition to the medical data, news and clinical trials, BioPortfolio also has a large collection of genOway Germany GmbH Companies in our database. You can also find out about relevant genOway Germany GmbH Drugs and Medications on this site too.

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