AP NEWS

IONTAS Signs Collaboration Agreement With LG Chem, Ltd. to Identify Therapeutic Oncology Leads

June 5, 2018

CAMBRIDGE, England & SEOUL, South Korea--(BUSINESS WIRE)--Jun 5, 2018--IONTAS Limited (IONTAS), a leader in the discovery and optimisation of fully human antibodies, today announced it has signed a collaboration agreement with Korean-based LG Chem, Ltd. for the discovery of therapeutic antibodies targeting undisclosed targets for use in the treatment of cancers. Under the agreement IONTAS will use its proprietary antibody discovery platforms to deliver antibodies against biological targets selected by LG Chem, Ltd. and to further prove the biological activity of the antibodies.

Dr Neil Butt, CBO of IONTAS, said: “This new agreement marks IONTAS’ expansion into the Asian market, and we are delighted to have been selected by LG Chem, Ltd., after a rigorous diligence process. The application of our proprietary technologies will assist LG Chem, Ltd. in expanding its current therapeutic pipeline by generating leads against pre-defined specifications agreed at the project outset.”

Dr Myung Jin Kim, Executive Vice President / R&D Leader, Life Sciences R&D of LG Chem, Ltd., said: “IONTAS was selected because of its robust track record and technical know-how. We feel confident this collaboration will result in a strong panel of therapeutic leads which will help develop our oncology pipeline.”

Dr Neil Butt and Dr Mike Dyson, CTO of IONTAS, will attend the 2018 BIO International Convention (Boston, MA) from June 4 – 7 and Dr John McCafferty, CEO and Founder of IONTAS, will be at Antibody Engineering and Therapeutics Europe (Amsterdam, NL) from 5 – 7 June.

For further information, please visit https://www.iontas.co.uk/technologies/

ENDS

For a high-resolution image please contact lorna.cuddon@zymecommunications.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20180605005820/en/

CONTACT: IONTAS Ltd

Neil Butt, Chief Business Officer

Tel: +44 1223 750801

bd@iontas.co.uk

or

Zyme Communications

Lorna Cuddon

Tel: +44 (0)1223 968 920

lorna.cuddon@zymecommunications.com

KEYWORD: UNITED KINGDOM EUROPE ASIA PACIFIC SOUTH KOREA

INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY CLINICAL TRIALS ONCOLOGY PHARMACEUTICAL

SOURCE: IONTAS

Copyright Business Wire 2018.

PUB: 06/05/2018 05:54 AM/DISC: 06/05/2018 05:54 AM

http://www.businesswire.com/news/home/20180605005820/en

AP RADIO
Update hourly