WOBURN, Mass. and NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Abpro Corporation (Abpro), a biotech company with the mission of improving the lives of mankind facing severe and life-threatening...
Abpro is taking a second run at the public markets. Five years after pulling out of a planned IPO, the antibody specialist is back with a special purpose acquisition company, agreeing to combine with Atlantic Coastal Acquisition Corp. II to secure a Nasdaq listing and cash for a pipeline dominated by preclinical immuno-oncology programs.
WOBURN, Mass.--(BUSINESS WIRE)--Abpro, a biotech company with the mission of improving the lives of mankind facing severe and life-threatening diseases with next-generation antibody therapies, announced a strategic partnership with Celltrion, a biopharmaceutical company headquartered in Incheon, South Korea, today, for its cancer molecule ABP 102, an antibody therapy for patients suffering from HER2+ cancer, including breast, gastric, and pancreatic cancer. Through this global partnership, Abpro will receive payments from Celltrion of up to $1.75 Billion, including an equity investment, development and commercial milestone payments and worldwide profit sharing. Celltrion will be in charge of the development of ABP 102 following the completion of in vitro studies by Abpro and will have world-wide commercialization rights. HER2+ type cancer is implicated in up to 30% of all cases in breast, gastric, pancreatic, and other forms of cancer.
WOBURN, Mass., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Abpro Corporation,na clinical stage biotechnology company developing next-generation nantibody therapies, today shared an assessment of its neutralizing nantibody candidate, ABP 310’s ability to neutralize the emerging nSARS-CoV-2 Omicron variant. ABP 310 was studied against all currently nprevalent and emerging SARS-CoV-2 variants of concern, including Omicronnand Delta, and SARS-CoV, in a completed preclinical study. Based on nevidence currently available from the study, the mutations in the nOmicron variant do not escape binding and neutralization by ABP 310.
WOBURN, Mass., May 04, 2021 (GLOBE NEWSWIRE) -- Abpro Corporation, a clinical stage biotechnology company developing next-generation antibody therapies, today announced results from its study of ABP201, a novel bispecific antibody co-targeting VEGF and ANG2, for treatment of wet age-related macular degeneration (AMD) and diabetic macular edema (DME). Results were also shared in a poster presentation at the Association for Research in Vision and Ophthalmology (ARVO) 2021 Annual Meeting on Monday May 3rd, 2021.
WOBURN, Mass., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Abpro Corporation today announced the results of a Phase 1 study demonstrating a favorable safety and pharmacokinetic profile of ABP 300, a human neutralizing antibody for the treatment of COVID-19 derived from patients who have recovered from the SARS-CoV-2 infection. The Phase 1 clinical trial was conducted in 42 healthy subjects and showed safety and pharmacokinetic data at doses from 4 mg/kg to 60 mg/kg. Following the completion of this Phase 1 in December 2020, a series of Phase 2/3 registrational studies of ABP 300 has recently been initiated.
WOBURN, Mass., Dec. 16, 2020 (GLOBE NEWSWIRE) -- Abpro Corporation today announced the initiation of global Phase 2/3 registrational studies evaluating the safety, tolerability, efficacy, and pharmacokinetics of ABP 300, a human neutralizing antibody for the treatment of COVID-19 derived from patients who have recovered from the SARS-CoV2 infection. The first trial site has been opened with the remainder to follow in 2021. The Phase 1 clinical trial, which included 42 subjects, study results are expected in Q1 2021.
WOBURN, Mass., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Abpro Corporation today announced the publication of a peer-reviewed article in the scientific journal Nature Communications titled, “Characterization of neutralizing antibody with prophylactic and therapeutic efficacy against SARS-CoV-2 in rhesus monkeys.” The publication is available online here.