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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
4basebio Plc | LSE:4BB | London | Ordinary Share | GB00BMCLYF79 | ORD EUR1.00 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,755.00 | 1,730.00 | 1,780.00 | 1,755.00 | 1,755.00 | 1,755.00 | 1,731 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Pharmaceutical Preparations | 335k | -5.15M | -0.4180 | -41.99 | 216.21M |
TIDM4BB 1 August 2023 4basebio PLC ("4basebio", the "Company" or the "Group") 4basebio receives grant to advance its synthetic DNA platform and HermesT nanoparticle platform for the development of thermostable nucleic acid vaccines · Funding from the Bill & Melinda Gates Foundation will build on preclinical data demonstrating superior immune responses achieved with 4basebio's synthetic DNA products as well as improved stability offered by its HermesT platform. Cambridge, UK, 1 August 2023 - 4basebio PLC (AIM: 4BB), an innovation driven biotechnology company enabling and accelerating development of advanced therapy medicinal products (ATMPs) through its high performant synthetic DNA products and non-viral, thermostable nucleic acid delivery platform, today announces it has received a grant from the Bill & Melinda Gates Foundation (the "Foundation") to advance the development program of thermostable nucleic acid based vaccines. The development program aims to build on preclinical data demonstrating the improved stability offered by the HermesT platform, the superior immune responses achieved with 4basebio's synthetic DNA products and high-quality mRNA produced from 4basebio opDNAT products. The successful demonstration of the HermesT platform and 4basebio synthetic nucleic acid payloads in infectious disease vaccines has the potential to enhance the global availability of such innovative medicines. Heikki Lanckriet, CEO and CSO of 4basebio, commented: "The Foundation's grant recognises the potential of our HermesT and synthetic DNA platforms. The enhanced stability offered by our vectors as well as the rapid turnaround time offered through our synthetic DNA has the potential to enable a faster response to pandemic needs and create highly performant and affordable vaccine products in support of the global fight against infectious diseases." For further enquiries, please contact: 4basebio PLC +44 (0)12 2396 7943 Heikki Lanckriet Nominated Adviser +44 (0)20 7213 0880 Cairn Financial Advisers LLP Jo Tuner / Sandy Jamieson Broker +44 (0)20 7220 0500 finnCap Ltd Geoff Nash/Richard Chambers/Charlotte Sutcliffe Lionsgate Communications (Media Enquiries) +44 (0)77 91892509 Jonathan Charles Notes to Editors About 4basebio 4basebio (AIM: 4BB) is an innovation driven life biotechnology company focussed on accelerating the development of advanced therapy medicinal products (ATMPs) through its high performant synthetic DNA products and non-viral, cell targeting nucleic acid delivery platform. The Company's objective is to become a market leader in the manufacture and supply of high quality synthetic DNA products for research, therapeutic and pharmacological use as well as development of target specific non-viral vectors for the efficient delivery of payloads in patients. The Company is offering GMP compliant DNA starting materials suitable for use in AAV viral vector production as well as mRNA vaccine and therapeutics production. Forward-looking statements This announcement may contain certain statements about the future outlook for the 4basebio. Although the directors believe their expectations are based on reasonable assumptions, any statements about future outlook may be influenced by factors that could cause actual outcomes and results to be materially different. This information was brought to you by Cision http://news.cision.com END
(END) Dow Jones Newswires
August 01, 2023 02:00 ET (06:00 GMT)
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