Vaccinex Announces It Has Entered Into Eight New Antibody Discovery Agreements Integrating Use Of Its Proprietary ActivMAb Platform To Select Antibodies Against Difficult-To-Drug Transmembrane Protein Targets
Portfolio Pulse from Benzinga Newsdesk
Vaccinex, Inc. (NASDAQ:VCNX), a biotech company, announced entering into eight new antibody discovery agreements using its ActivMAb platform for challenging transmembrane protein targets. These agreements include partnerships with major pharma and biotech companies as well as other antibody service providers. The ActivMAb platform, particularly its 'Antigen Virus' application, is highlighted for its efficiency in selecting antibodies against complex protein targets, which is crucial for developing therapeutics for diseases like cancer and Alzheimer's.
February 21, 2024 | 1:21 pm
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Vaccinex announces eight new antibody discovery agreements using its proprietary ActivMAb platform, targeting complex transmembrane protein targets, indicating potential growth in its therapeutic development pipeline.
The announcement of eight new agreements for antibody discovery using Vaccinex's ActivMAb platform suggests a significant expansion in the company's research and development capabilities, particularly in high-value areas like cancer and Alzheimer's disease treatment. This could lead to increased investor optimism regarding Vaccinex's future growth prospects and pipeline development, potentially positively impacting its stock price in the short term.
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