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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Johnson and Johnson | NYSE:JNJ | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.815 | 0.56% | 146.615 | 146.77 | 145.84 | 146.00 | 1,656,280 | 16:30:33 |
NM26 targets IL-4Rα (type I and type II receptors) and IL-31 to address the hallmarks of the pathophysiology of atopic dermatitis. The antibody was discovered and engineered using Numab’s proprietary MATCH™ technology platform, which is designed to fuel a new wave of multi-specific antibody drug candidates.
“We are thrilled to enter into this agreement with J&J and are confident they will be able to rapidly advance the development of NM26 for patients in need of a better treatment for atopic dermatitis and other conditions,” said David Urech, Ph.D., Founder and Chief Executive Officer of Numab. “This transaction validates the power of our discovery and engineering platform and its potential to bring multiple novel multi-specific antibodies to large, underserved patient populations. Our partnering strategy engaging biopharma partners such as Kaken, Eisai, Boehringer Ingelheim and Ono from early on, has been instrumental in realizing the value of our platform and will continue to be key to advancing our potentially transformative immunology and oncology programs.”
The closing of the transaction is expected to occur in the second half of 2024, subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions.
Financial advisors to Numab on this transaction were Morgan Stanley & Co. International and Centerview Partners LLC and Baker McKenzie acted as the legal advisor.
About Numab Therapeutics AGNumab Therapeutics AG is developing multi-specific antibody-based immunotherapies for inflammation and cancer. Numab’s reproducible plug-and-play therapeutic design process using proprietary platforms λ-Cap™ and MATCH™ puts it in a unique position to overcome historical drug discovery barriers and build a pipeline of new and important medicines aimed to maximize patient benefits. Numab’s diverse research pipeline spans oncology, immunology and inflammatory diseases and creates the opportunity for the next generation of first-in-class and best-in-class medicines. Several of the Company’s antibody candidates are being developed in partnership with biopharma collaborators, further validating the platform and development capabilities. For further information, visit www.numab.com.
1 Legal entity, Cilag Holding AG
For further details, please contact:
Investor Contact:Patrick TillMeru Advisorsptill@meruadvisors.com
Media Contact:Julia DeutschLyra Strategic Advisoryjdeutsch@lyraadvisory.com
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