European Lead Factory
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European Lead Factory
The European Lead Factory is a Public–private partnership, public-private partnership that aims to accelerate early drug discovery in Europe. The European Lead Factory is funded by the Innovative Medicines Initiative and consists of a pan-European consortium that includes 7 European Federation of Pharmaceutical Industries and Associations, pharmaceutical companies as well as partners from academia and small and medium-sized enterprises (SMEs). Drug discovery platform The European Lead Factory is operational since 2013 and consists of two main components: the Joint European Chemical library, Compound Library and the European Screening Centre. Together these elements provide a platform for pharmaceutical researchers in Europe to identify drug discovery starting points, by connecting innovative drug targets to high-quality small molecules. The result is defined in a ‘hit list’: a number of compounds that show affinity for the target. The compounds on those lists can either be u ...
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Public–private Partnership
A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Review, Public Administration Review, 2007, Vol. 67(3), pp. 545–558 Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users over the course of the PPP contract. Public–private partnerships have been implemented in multiple countries and are primarily used for infrastructure projects. They have been employed for building, equipping, operating and maintaining schools, hospitals, transport systems, and water and sewerage systems. Cooperation between private actors, corporations and governments has existed since the inception of sovereign states, notably for the purpose of tax collection and colonization. However, contemporary "public-private partnerships" came into being ...
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