Why BiomX Shares Are Trading Higher Today?

  • BiomX Inc PHGE has announced a new collaboration with Boehringer Ingelheim to identify biomarkers for inflammatory bowel disease (IBD). 
  • BiomX is a clinical-stage microbiome company advancing novel natural and engineered phage therapies that target specific pathogenic bacteria. 
  • Under the collaboration, BiomX will utilize its XMarker microbiome-based biomarker discovery platform to identify biomarkers for a pathogenic bacterium thought to be associated with IBD. 
  • Such biomarkers could help identify IBD patients that would benefit from potential therapies targeted at the microbiome. 
  • Related: BiomX Slashes Its Workforce By 50%, Atopic Dermatitis Program To Be Delayed.
  • In September 2020, Boehringer Ingelheim and BiomX entered their first collaboration, which focused on identifying biomarkers associated with patient phenotypes in IBD.
  • The terms of the collaboration entitle BiomX to research payments and also include an option for Boehringer Ingelheim to negotiate an exclusive right to biomarkers discovered under the collaboration. 
  • BiomX retains the right to utilize the biomarkers as companion diagnostics for phage therapy.
  • Price Action: PHGE shares are up 2.86% at $0.75 during the market session on the last check Tuesday.
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