- Soligenix Inc SNGX has signed a worldwide license to supply its ricin antigen to SERB Pharmaceuticals for novel therapeutic treatment against ricin toxin poisoning.
- "Beyond our own development of a heat-stable ricin vaccine (RiVax) to protect against lethal ricin poisoning, which has been supported with more than $30 million to date by the U.S. government, we felt it important to also partner with SERB in the development of its ricin therapeutic drug candidate," stated Christopher Schaber President & CEO of Soligenix.
- "SERB is a leader in the field of medical countermeasures to protect the public and military forces...we are hopeful that it will assist in accelerating the development of this early-stage program," Schaber added.
- SERB will leverage its broad-spectrum polyclonal antibody platform.
- This platform is currently used to manufacture two of the company's currently marketed products, CroFab and DigiFab.
- The antibodies will be generated using a modified form of the ricin toxin, developed by Soligenix.
- The modifications have removed the protein's biological activity so that it is not toxic while still retaining its shape to trigger an effective antibody response.
- Price Action: SNGX shares are up 4.84% at $0.80 during the market session on the last check Monday.
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