Selecta In-Licenses Rights To IgG Protease Platform

  • Selecta Biosciences Inc SELB has announced a strategic licensing agreement to advance a next-generation IgG protease. 
  • The partnership leverages Genovis' immunoglobulin G (IgG) protease, IdeXork (Xork), and Selecta's ImmTOR platform to enable the dosing of gene therapies and treat certain IgG-mediated autoimmune diseases.
  • Under the terms of the agreement, Selecta has provided Genovis with an upfront payment, while Genovis retains rights to research, preclinical, diagnostic, and other potential non-therapeutic applications of Xork. 
  • Additionally, Genovis is eligible to earn development and sales-based milestones and tiered royalties on worldwide sales in the low double digits.
  • Specific deal terms were not disclosed.
  • Price Action: SELB shares are up 1.31% at $3.94 during the market session on the last check Thursday.
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Posted In: BiotechNewsPenny StocksHealth CareContractsSmall CapGeneralautoimmune diseasesBriefsgene therapy
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