Malcolm Young awarded Ernst & Young Innovation Entrepreneur Of The Year 2010


Malcolm Young awarded Ernst & Young Innovation Entrepreneur Of The Year 2010


Joint Venture between Grupo TCI and an English company brings the fastest technology in the world for discovering new medicines to Brazil.
Through bioinformatics, e-Therapeutics is able to reduce the research time for the development of new medicines from two years to two weeks for known molecules.
The joint venture puts together a Brazilian company, Grupo TCI and an English company, e-Therapeutics, for research into Brazilian biodiversity, with plants from the Atlantic rain forests and the Amazon, with the objective of developing medicines to treat tropical diseases, such as hepatitis C, chronic pneumonia, Chagas disease, tuberculosis, diabetes type 2, and Leishmaniasis.
In Brazil, the two companies are going to undertake a selection process of Brazilian natural compounds as well as discovering new uses for existing compounds used in medicines. A pharmaceutical research and production cluster will be established, with the objective of bringing innovation in medicines rapidly to the market.
Through bioinformatics, the English company has developed the fastest technology in the world to analyse how a molecule from a plant, animal or micro organism will behave when consumed or injected into a human body. With this technology, e-Therapeutics has managed to speed up the discovery of new medicines. A conventional laboratory takes on average two years to repurpose an existing drug, where the English technology takes only two weeks.
Brazil will be the first country to use the English technology to discover new medicines. Until today, this technology has only been used with existing drugs. Professor Malcolm Young, who developed e-Therapeutics from the University of Newcastle, said that this joint venture is the beginning of a long term relationship between his company and Grupo TCI in Brazil. “We are already working with South East Asia and India, but the opportunities for this new partnership in Brazil are beyond compare.”
“We are going to unite e-Therapeutics’ technology, the Brazilian biodiversity and Grupo TCI’s expertise in innovation management. This new enterprise will open the bottleneck for the development of new drugs for the treatment of the main Brazilian diseases,” explained Roberto Marinho Filho, President of Grupo TCI.
Professor Malcolm Young, Chairman of e-Therapeutics agreeing the joint venture with the Presidente of Grupo TCI, Roberto Marinho Filho.
