Apogenix AG
Apogenix Reports Significant Progress in Collaboration with CANbridge
DGAP-News: Apogenix AG / Key word(s): Alliance Press Release Apogenix Reports Significant Progress in Collaboration with CANbridge First Asian Clinical Trial with Asunercept (APG101) Initiated in Glioblastoma Patients Heidelberg, Germany, November 4, 2016 – Apogenix, a biopharmaceutical company developing next-generation immuno-oncology therapeutics, today announced the achievement of additional milestones under its licensing agreement with CANbridge Life Sciences for the development and commercialization of lead candidate APG101 (INN: asunercept) in China, Macao, Hong Kong and Taiwan, triggering further payments to Apogenix. The milestones are related to the successful implementation of the technology transfer necessary for the production of this CD95 ligand inhibitor at the Chinese production site. Over the course of the past few months, Apogenix and CANbridge have successfully transferred the necessary cell banks, assays, protocols, and know-how for the manufacturing of asunercept to China. The manufacturing process has proven to be very robust with product quality and process yields of the active substance comparable to the manufacturing process developed by Apogenix. “We are very pleased with the progress of our collaboration with CANbridge and the achievement of additional milestones,” said Thomas Hoeger, Ph.D., CEO of Apogenix. “With the successful technology transfer and the initiation of the Phase I/II trial in Taiwan, the clinical development of asunercept in Asia is now well underway. We look forward to CANbridge initiating further trials in China soon.” James Xue Ph.D., Chairman and CEO of CANbridge: “The complex transfer of asunercept production technology and know-how has been very efficient due to the excellent collaboration between the CANbridge and Apogenix teams. In particular, we were impressed by the exceptional level of enthusiasm and professional handling during the entire process.”
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2016-11-04 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |