AbCellera-Lilly Partnered Second COVID-19 Antibody Enters Human Trials

AbCellera Biologics Inc ABCL has announced that a second antibody from its collaboration with Eli Lilly and Co LLY, LY-CoV1404, has entered clinical trials in patients with mild-to-moderate COVID-19.
Lilly has expanded its ongoing BLAZE-4 trials to evaluate LY-CoV1404 alone and together with other monoclonal antibodies.
AbCellera released preclinical data showing LY-CoV1404 binds to a rarely mutated region of the SARS-CoV-2 spike protein and neutralizes all currently known variants of concern, including those first identified in the U.K., South Africa, Brazil, California, and New York.
LY-CoV1404 blocks viral binding to ACE2 by targeting a highly conserved epitope on the SARS-CoV-2 spike glycoprotein receptor binding domain.
LY-CoV1404 is developed from a fully human monoclonal antibody identified from a blood sample obtained approximately 60 days after symptom onset from a convalescent COVID-19 patient.
Price Action: ABCL shares are up 2.88% at $26, and LLY shares are up 0.69% at $187.20 on the last check Tuesday.