Kinaxo Biotechnologies GmbH announced today that it was awarded a 575,000 Euro grant by the Bavarian Ministry of Economic Affairs, Infrastructure, Transport and Technology to help expand the applications for its chemical proteomics platform. Chemical proteomics enables a comprehensive assessment of the native cellular proteome interactions and selectivity of small molecule drug candidates. Kinaxo will use the funding to demonstrate how its platform can be employed to identify the native protein targets of compounds found in cell-based ('phenotypic') drug discovery screens.
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