ABCL - AbCellera teams up with EQRx in new innovative medicines
AbCellera (NASDAQ:ABCL) perks up 3.4% premarket after announcing collaboration agreement with EQRx for the discovery and development of therapeutic antibodies. The collaboration will leverage AbCellera’s AI-powered antibody discovery technology to search and analyze natural immune responses to identify novel antibody drug candidates for multiple targets. The deal also includes the option for additional investment from AbCellera at progressive stages of product development and commercialization in exchange for an increased share of product sales. The initial programs will focus on targets in oncology and immunology.
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AbCellera teams up with EQRx in new innovative medicines