Adagio updates on ADG20 development plans and pipeline
US biotech Adagio Therapeutics (Nasdaq: ADGI) today outlined strategic initiatives for its ADG20 program, as well as research efforts to address SARS-CoV-2 and other coronaviruses. ADG20 is an investigational monoclonal antibody (MAb) being developed for the prevention and treatment of COVID-19.
Adagio’s shares edged up 3.3% to $6.63 by mid-morning trading.
The persistence of the COVID-19 pandemic and the potential for new variants support Adagio’s ongoing work to bring forward new prevention and treatment options. Adagio is undertaking several strategic initiatives intended to assess the potential for Emergency Use Authorization submissions for ADG20 for the prevention and treatment of COVID-19, as well as numerous research efforts to address COVID-19 and other coronaviruses. In the first quarter of 2022, Adagio plans to:
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