Alligator and Orion expand I-O collaboration
Swedish company Alligator Bioscience (Nasdaq Stockholm: ATORX) yesterday announced an expansion to its research collaboration and license agreement with Finland-based Orion Corporation (Nasdaq: OMX), to discover and develop together new bispecific antibody cancer therapeutics.
Alligator’s shares were up almost 8% at 1.67 Swedish kronor by mid-day trading on January 2, while Orion dipped 2.3% to 51.20 euros.
The collaboration has been expanded to add the development of a second bispecific antibody using Alligator’s proprietary bispecific RUBY platform, where Alligator will provide validated monospecific binders for one target and Orion will do the same for the other target.
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