Source: Intarcia Therapeutics, Inc. & reported by http://www.prnewswire.com/
BOSTON and WÄDENSWIL, Switzerland, June 2, 2016 /PRNewswire/ -- Intarcia Therapeutics, Inc., and Numab AG, today announced the achievement of several key milestones in the development of a multi-specific antibody targeting inflammatory / autoimmune diseases. This is an important step towards realizing the potential of combining Numab's antibody-based therapeutics with Intarcia's unique delivery and formulation technologies.
Numab applied its novel discovery and optimization platform to identify two highly potent, highly selective antibody fragment based leads. The chemical and biological profiles of the lead molecules have met or exceeded all of the success criteria that were established upon the initiation of the licensing collaboration early last year.
David Urech Ph.D., CSO and co-CEO of Numab AG, commented: "Achievement of this milestone for Intarcia further confirms the power of Numab's discovery platform to produce next-generation antibody-based therapeutics, as well as our commitment to exceed expectations with our strategic partners."
In addition, Intarcia has successfully formulated multiple lead molecules produced by Numab. Results confirm the robust stability of the Numab molecules, demonstrate the versatility of the Intarcia formulation technology, and are a testimony to the powerful synergies of the companies' respective technology platforms.
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