ModeX Therapeutics Awarded Contract to Address Public Health Threat From Viral Diseases
28 Setembro 2023 - 6:10PM
Dow Jones News
By Denny Jacob
ModeX Therapeutics, a OPKO Health company, was awarded a
contract hailing from the Biomedical Advanced Research and
Development Authority to advance candidates designed to address a
range of public health threats in viral infectious diseases.
The clinical-stage biopharmaceutical company said the awarded
funding would enable research, development and clinical evaluation
of multispecific antibodies based on its proprietary
technology.
The contract includes an initial $59 million for the development
and execution of a clinical trial for a multispecific antibody with
broad neutralizing abilities against known variants of the
coronavirus known as SARS-CoV-2. Additional funding of up to $109
million may be available upon hitting certain milestones.
The Biomedical Advanced Research and Development Authority is
part of the Administration for Strategic Preparedness and Response
at the U.S. Department of Health and Human Services.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
September 28, 2023 16:55 ET (20:55 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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