UK pharma giant GlaxoSmithKline group (LSE: GSK) and Tokyo, Japan-based biotech-venture company Chiome Bioscience (TYO:4583) have entered into a pilot study and option agreement under which the two companies will generate monoclonal antibodies (MAbs) using Chiome's proprietary ADLib system for GSK’s research and evaluation use with an option for development. Financial terms of the accord were not disclosed.
The combination of GSK’s world’s top class research and development activities in drug development with Chiome’s innovative platform technology for antibody generation has the potential to accelerate drug discovery and advance pharmaceutical development which offers new treatment options to patients suffering from cancer and autoimmune diseases, said the Japanese firm.
About the ADLib system
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