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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Abzena | LSE:ABZA | London | Ordinary Share | GB00BN65QN46 | ORD GBP0.002 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Abzena plc (AIM: ABZA, 'Abzena' or the 'Group'), the life sciences group providing integrated solutions and technologies enabling the development and manufacture of biopharmaceutical products, and UGA Biopharma GmbH, a cell line development specialist, announce the completion of the development of a biosimilar cell line to treat Multiple Sclerosis (MS).
The partnership centred around the development of an NS0 (murine myeloma) manufacturing cell line, expressing a high quality, fully biosimilar antibody therapeutic. The cell line was developed and validated using Abzena’s integrated expert knowledge in cell line development and bioanalytics and was guided by UGA Biopharma’s in-depth knowledge and experience in the development of cell lines for biosimilar drugs.
UGA will join an expanding field of companies looking to capitalise on the patent expiry of several blockbuster drugs over the coming years.
The originator therapeutic is undisclosed but it is currently being used in the treatment of MS. It had worldwide sales of approximately $1.9bn in 2016.
-Ends-
Notes to Editors
About Multiple Sclerosis (MS)
MS is a chronic condition where the sheath covering nerve fibres in the brain and spinal cord becomes damaged, slowing or blocking electrical signals from the brain reaching the eyes, muscles and other parts of the body. It affects approximately 2.3 million people worldwide. In the UK, there were 127,000 people with MS in 2010 and that number has been growing by around 2.4% per year, due to people with MS living longer. In the US, there are in excess of 400,000 people with MS and this rate is growing by 2.6% per annum.
About Abzena
Abzena (AIM: ABZA) provides proprietary technologies and complementary services to enable the development and manufacture of biopharmaceutical products.
The term ‘ABZENA Inside’ is used by Abzena to describe products that have been created using its proprietary technologies and are being developed by its partners, and include Composite Human Antibodies™ and ThioBridge™ Antibody Drug Conjugates (ADCs). Abzena has the potential to earn future licence fees, milestone payments and/or royalties on ‘ABZENA Inside’ products.
Abzena offers the following services and technologies across its principal sites in Cambridge (UK), San Diego, California (USA) and Bristol, Pennsylvania (USA):
For more information, please see www.abzena.com
About UGA Biopharma
UGA Biopharma is a Germany-based, full contract service R&D provider in the field of mammalian cell line development. UGA` s proven core expertise is the development of cell lines for biosimilar and biotherapeutic manufacturing. The UGA offering includes:
SERVICES:
PRODUCTS:
For more information, please see www.ugabiopharma.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20171018006140/en/
Abzena plcJohn Burt, Chief Executive OfficerorJulian Smith, Chief Financial Officer+44 1223 903498orInstinctif PartnersMelanie Toyne Sewell / Alex Shaw+44 20 7457 2020abzena@instinctif.comorUGA Biopharma GmbHLars Kober,Chief Executive Officer+49 3302 20 24 900
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