Collaboration agreement signed for identification of therapeutic oncology leads

IONTAS, a company focused on the discovery and optimisation of fully human antibodies, has signed a collaboration agreement with Korean-based LG Chem to identify therapeutic oncology leads.

Under the terms of this agreement, IONTAS will use its proprietary antibody discovery platforms to deliver antibodies against biological targets selected by LG Chem and to further prove the biological activity of the antibodies.

“This new agreement marks IONTAS’ expansion into the Asian market, and we are delighted to have been selected by LG Chem after a rigorous diligence process,” revealed Dr Neil Butt, CBO of IONTAS. “The application of our proprietary technologies will assist LG Chem 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, added: “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.”