WuXi Biologics bags service agreement with BioNTech
China-based contract research, development and manufacturing organization (CRDMO) WuXi Biologics (2269: HK) saw its shares jump nearly 9% to HK$30.45 by close of trading today, after it announced a new collaboration.
WuXi has signed a research service agreement with German biotech BioNTech (Nasdaq: BNTX), which is pioneering novel mRNA therapies for cancer and other serious diseases, and, in partnership with Pfizer (NYSE: PFE), developed the most successful COVID-10 vaccine Comirnaty).
Under the terms of the agreement, WuXi leverages its proprietary antibody discovery technology platforms to discover two undisclosed targets of pre-clinical investigational monoclonal antibodies for BioNTech to develop next-generation therapeutic product candidates.
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