BioAtla Partners With Bioduro to Advance Two Proprietary Antibody Therapeutics in China
On November 4th, 2014, BioAtla announced an agreement with BioDuro to collaborate on the development of two therapeutic monoclonal antibodies in China. Under the terms of the agreement, BioAtla will direct BioDuro’s efforts to advance these compounds through the preclinical and Phase I clinical phases. Under the direction of BioAtla, each candidate will be licensed to local Chinese biopharmaceutical companies for later stage clinical development and commercialization in China.
“The Chinese pharmaceutical market is growing at an extremely rapid rate, and is predicted to be the second-largest pharmaceutical market in the world by 2020,” said Jasmine Cui, general manager and chief scientific officer of BioDuro. “In addition, the value in this market is increasingly shifting to differentiated proprietary products that can meet global pharmaceutical standards. We have worked with BioAtla since 2007, and look forward to working with BioAtla to advance their two compounds in an efficient manner appropriate for the Chinese market.”
The two compounds target specific and undisclosed indications with combined addressable populations of millions of patients. The programs will provide treatments that significantly improve the therapeutic result and safety compared to currently available therapies and that make important contributions to the containment of health care costs in China.
About BioAtla, LLC
BioAtla is a global biotechnology company with operations in San Diego, CA and Beijing. BioAtla develops novel monoclonal antibody and other protein therapeutic products, utilizing its patented Conditionally Active Biologics (CAB) platform for more selective targeting and greater efficacy, and its patented Comprehensive Integrated Antibody Optimization (CIAO!TM) platform for more cost-efficient and predictable manufacturing. By employing its proprietary technologies of product design and development, from target discovery to manufacturing and preclinical studies, BioAtla develops differentiated, patentable therapeutic proteins for its partners and for its internal programs. BioAtla has over 70 issued and pending patents that cover its platform technologies representing a full complement of therapeutic protein development capabilities. Learn more at www.bioatla.com