CAMBRIDGE, United Kingdom, March 19, 2020 — Arecor Limited (“Arecor” or “the Company”), the biopharmaceutical company advancing today’s therapies to enable healthier lives, announces that it has extended its multi-product collaboration with a US-based clinical stage biotechnology company. Under the collaboration, Arecor will leverage its Arestat™ technology to develop liquid formulations of two proprietary novel products in oncology and a rare genetic orphan condition.
The partner is currently funding the development work and has the option to acquire the rights to the formulations and associated Intellectual Property under separate milestone-bearing licenses at pre-agreed financial terms. This partnership further demonstrates the flexibility of Arecor’s Arestat™ technology platform in delivering formulation solutions in this case for both multi-valent antibodies and recombinant fusion proteins.
Arestat™ is a world leading, innovative and proprietary formulation technology platform which significantly enhances the properties of therapeutic proteins and peptides. Arestat™ has the unique potential to deliver superior formulations of both new chemical entities and also existing products which would otherwise not be possible.
Sarah Howell, Chief Executive Officer of Arecor, said: “This multi-collaboration with a fast growing US biotech company demonstrates the adaptability of the Arestat™ platform. Not only do these key products represent Arestat™’s ability to support the development of clinical stage assets across a range of therapeutic areas, but also demonstrate the potential of the technology to deliver superior liquid formulations of novel format proteins, further expanding and advancing the application of Arecor’s expertise across the spectrum of product development.”
For more information, please contact:
|Dr Sarah Howell, Chief Executive Officer||Tel: +44 (0) 1223 426060 Email: [email protected]|
|Susan Lowther, Chief Financial Officer||Tel: +44 (0) 1223 426060 Email: [email protected]|
|Mo PR Advisory||www.mopradvisory.com|
|Mo Noonan||Mob: +44 (0) 7876 444977 Email: [email protected]|
Notes to Editors
About Arecor (www.arecor.com)
Arecor Limited is a biopharmaceutical company transforming patient care by bringing innovative medicines to market. Through the enhancement of existing medicines using our Arestat™ technology, we are developing a broad portfolio of therapies as part of our proprietary pipeline and through partnerships with leading pharmaceutical and biotech companies. Our treatments for people living with chronic disease are designed to simplify patient care and improve medication adherence.
For further details please see our website: www.arecor.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.