PRESS RELEASE – January 31, 2024: Orange Grove Bio announces strategic collaboration with Bina - Bridge Innovate Nurture Advance, the translational research and innovation unit of the Weizmann Institute of Science. The agreement includes a formal memorandum of understanding with its academic innovation hub, Bina, which focuses on identifying and nurturing early-stage basic research projects. Orange Grove will mentor cutting-edge early-stage research across the Weizmann Institute of Science as part of this collaboration.
This latest academic collaboration underscores Orange Grove's continued efforts to foster innovative biopharmaceutical research globally. "From our perspective, the Middle East is rapidly establishing itself as home to some of the most promising research that will drive the next generation of drug discovery and development," said Marc S. Appel, Orange Grove Bio's chief executive officer.
As part of the agreement, Orange Grove Bio and Bina will scout for translation of scientific discoveries made by Weizmann researchers. Orange Grove will collaborate with Bina to identify and foster opportunities to create proof-of-concept in drug development across various therapeutic areas. Professor Irit Sagi, vice president for innovation and technology transfer, affirms, "The research conducted at the Weizmann Institute of Science, renowned as one of the world's leading multidisciplinary basic research institutions in the natural and exact sciences, leads to a profound understanding of fundamental principles. Through our partnership with OGB, we continue to support and invest in basic science research, thereby fueling the engine of future innovations for the benefit of humanity."
Full release linked below.
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