Pharmaceutical giant cooperates with chief scientist to promote life-science R&D

Once Merck chooses to collaborate with Israeli companies as a result of the agreement, the Chief Scientist’s Office will grant financial support.

By
May 21, 2014 17:35
1 minute read.
Pills.

Pills 311. (photo credit: Courtesy)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

The US pharmaceutical company Merck, known in Israel as MSD, signed a cooperation agreement on Wednesday with the Economy Ministry’s Chief Scientist, Avi Hasson, who is set to help the company find Israeli life-sciences firms to collaborate with on technological projects.

Once Merck chooses to collaborate with companies, the Chief Scientist’s Office will grant financial support for the R&D needed for the joint project. Merck will match the investment, with the aim either a financially investing in the company or developing equipment, personnel, technology, regulatory consulting and marketing.

This would result in Merck’s promoting the Israeli economy and opening up more foreign markets for Israeli firms.

Hasson said on Wednesday that MSD is the third global pharmaceutical manufacturer to join his office’s global enterprise R&D cooperation program. These collaborations, he explained, allow Israeli companies to conduct groundbreaking research and development that would not otherwise be possible.

“They also provide the industry in Israel with the opportunity to address the many challenges that exist in the field, as well as establishing its place in the global market,” he said.


MSD Israel CEO Sharon Alon said that “as a society that invests in developing life-saving medicines that impact the lives of millions of people around the world, we see Israel as a hotbed for innovation in medicine.

“The cooperation agreement with the chief scientist and the accompanying option of investing in Israeli companies is the direct result of MSD’s long-standing investment in clinical research, which includes the establishment of unique oncology research centers as well as the real-world evidence [pharmaceutical standard] in Israel.

We are proud to be able to contribute to the development of medical innovations in Israel,” she said.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Lab
August 31, 2014
Weizmann scientists bring nature back to artificially selected lab mice

By JUDY SIEGEL-ITZKOVICH