Ginkgo Bioworks And SaponiQx Awarded a 5-Year MCDC Contract Totaling Up To $31M To Discover and Manufacture Next-Generation Vaccine Adjuvants Using Generative Molecular Design
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Ginkgo Bioworks and SaponiQx, a subsidiary of Agenus Inc (NASDAQ: AGEN), have been awarded a 5-year contract by the MCDC, worth up to $31M, to discover and manufacture next-generation vaccine adjuvants using generative molecular design.
February 15, 2024 | 12:10 pm
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Agenus Inc's subsidiary, SaponiQx, in partnership with Ginkgo Bioworks, has secured a 5-year, $31M contract from the MCDC for vaccine adjuvant development.
The contract award to Agenus Inc's subsidiary SaponiQx, in collaboration with Ginkgo Bioworks, for a significant amount of $31M over 5 years, directly impacts Agenus by potentially increasing its revenue and enhancing its reputation in the biotech and vaccine development sector. The focus on next-generation vaccine adjuvants using generative molecular design could position Agenus at the forefront of vaccine technology, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
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