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National Institute of Health Awards Contract to Su
iBio, Inc. (NYSE MKT: IBIO)
IBIO (IBIO, Inc.) reported today that the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health, has awarded a contract to the Company's research and development collaborator, the Fraunhofer USA Center for Molecular Biotechnology, for a new generation anthrax vaccine to be developed with the iBioLaunch Platform under a research license from IBIO (IBIO, Inc.). The first year of funding will be $1.76 million with a total contract amount of up to $9.9 million, depending on the exercise of contract options.
The iBioLaunch platform is a proprietary, transformative technology for development and production of biologics using transient gene expression in unmodified green plants. Advantages over other systems include: success with proteins difficult or impossible to produce with other methods; broadly applicable to biologics, including monoclonal antibodies, other therapeutic proteins and vaccines; enables rapid development and validation of modular, scalable, and optionally robotic, multi-product manufacturing facilities; production time measured in weeks instead of months or more. Additional benefits include a practically unlimited surge capacity for remedial action against bioterrorism and pandemic disease; product entry that is unconstrained by traditional process patents, and significantly lower capital and operating costs for comparable production.
iBio, Inc. (NYSE MKT: IBIO ) develops and offers product applications of its iBioLaunch and iBioModulator platforms, providing collaborators full support for turn-key implementation of its technology for both proprietary and biosimilar products. Further information is available at: www.ibioinc.com .
In my opinion this is a stock to watch!
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http://crweselect.com/31931/stock-alerts/national-institute-of-health-awards-contract-to-support-use-of-ibiolaunch%E2%84%A2-technologies-ibio/
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Inviato da: genferd0
il 21/10/2013 alle 06:17