Sorrento to Acquire SmartPharm and Develop Pipeline of Gene-Encoded Therapeutic Antibodies Targeting COVID-19 and Cancer

July 27, 2020 Auto Bot Acquire, cancer, Develop, Global, Latest, M&A, Oncology, Pipeline, Sorrento, Targeting 0

Shots:

  • Sorrento enters into letter of intent to acquire SmartPharm and develops pipeline of gene-encoded therapeutic Ab, initiating with Sorrento’s STI-1499 or COVI-GUARD, currently preclinical studies with an IND submission targeted for Aug’2020.
  • The transaction is expected to be close in Aug’2020. The integration of Sorrento’s G-MAB Ab library and SmartPharm’s GET platform is expected to provide a vast product pipeline of novel, long-acting therapeutic proteins for multiple diseases, including cancer
  • STI-1499 is expected to be evaluated in ICU patients to ensure safety and potentially allow a preliminary look at efficacy. In vitro results demonstrated STI-1499’s ability to completely neutralize SARS-CoV-2 infection @low doses, making it lead candidate for potential treatment against COVID-19

Click here to read full press release/ article | Ref: Sorrento | Image: SmartPharm