Adaptive and Amgen collaborate on COVID-19 research
US biotech giant Amgen (Nasdaq: AMGN), whose shares were up more than 4% at $205.78 late afternoon, and Adaptive Biotechnologies (Nasdaq: ADPT) today announced a collaboration aimed at helping address the COVID-19 pandemic. Adaptive dipped 0.75%.
The companies will combine expertise to discover and develop fully human neutralizing antibodies targeting SARS-CoV-2 to potentially prevent or treat COVID-19. The mutually exclusive collaboration brings together Adaptive's proprietary immune medicine platform for the identification of virus-neutralizing antibodies with Amgen's expertise in immunology and novel antibody therapy development.
Terms still to be agreed
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