New ThioBridge licence agreement
Abzena has achieved a significant licensing deal for its proprietary site-specific ThioBridge antibody drug conjugate (ADC) linker technology with a San Diego-based biopharmaceutical company. The agreement covers the use of ThioBridge in up to 10 ADCs across a wide range of indications. The agreement also includes a master services agreement, which enables access to Abzena’s chemistry services. This provides important validation of both its proprietary ADC technology and its hybrid business model. Our valuation is under review, but we expect upside on the basis of this positive newsflow.Abzena is providing a range of complementary services and technologies for the selection, development and manufacture of biopharmaceuticals.
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