Alligator and Orion progress I-O collaboration
Swedish company Alligator Bioscience (Nasdaq Stockholm: ATORX) saw its shares dip as much as 4.5% to 0.88 kroner in erratic trading this morning , after it announced that Finland’s Orion Corporation (Nasdaq: OMX) has selected the lead bispecific antibodies from the companies’ second development program.
Orion is exercising its option to develop these molecules under the existing 2021 research collaboration and license agreement. The exercise of this development option triggers an undisclosed milestone payment to Alligator.
"Our research collaboration with Alligator has allowed us to identify again new lead molecules with potential to be selected for clinical development. It is fantastic to see how productive this collaboration is," said Outi Vaarala, senior vice president, innovative medicines business and R&D, Orion.
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