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Ascenion GmbH Herzogstraße 64 80803 München, Germany http://www.ascenion.de/
Contact Mr Dr. Peter Ruile +49 89 31881414
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Ascenion GmbH

Ascenion Obtains Equity in Kinaris Biomedicals

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Ascenion GmbH received shares in Kinaris Biomedicals GmbH, a start-up company dedicated to the design and development of novel drugs targeting cellular motor proteins. The approach builds on results from a collaboration project between the Hanover Medical School (MHH) and the Technical University Dresden (TUD). Using the MHH's expertise in high resolution structure analysis and the TUD's know how in assay development and organic chemistry, the scientists identified a new binding site on myosin as promising therapeutic target and generated a range of small molecule inhibitors and activators as potential therapeutic leads. Corresponding patent applications were jointly filed by the
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