Grid Therapeutics Signs Exclusive License Agreement to Develop a Novel Immuno-Oncology Antibody
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Immuno-Oncology
DURHAM, N.C.--(BUSINESS WIRE)--Grid Therapeutics, LLC, an oncology-focused biotechnology company announced the execution of an exclusive license agreement with Duke University to develop the first human derived antibody as a targeted immunotherapy for cancer. Under the agreement, Grid has acquired the exclusive rights to all intellectual property, including relevant patents, related to Complement Factor H (CFH) antibodies as a cancer therapy, and diagnostics around CFH. Grid is based on the innovative science developed by Edward F. Patz, Jr., MD and his team at Duke University. Grid is currently developing its lead candidate for the treatment of solid tumors, and plans to begin clinical trials in cancer patients in early 2019.
Grid’s CFH asset is based upon an innovative platform that first identified tumor specific immunoglobulin G (IgG) antibodies from patients with early stage cancer who do not develop metastasis. A unique strategy was used to determine the sequence of its lead IgG3 antibody directly from single B cells isolated from cancer patients with the CFH antibody. The antibody not only directly kills tumor cells, without detrimental effects on normal tissues, but also modulates the adaptive immune response to attack tumor cells anywhere in the body.
“We are pleased to sign this exclusive license agreement with Duke to advance this truly innovative science into clinical trials and begin evaluating the therapeutic treatment options for multiple forms of cancer,” said Dr. Paolo Paoletti, a Grid Board member and CEO of GammaDelta Therapeutics. “This agreement allows Grid to rapidly develop a new generation of cancer immunotherapies based on a human derived antibody that inhibits CFH, a protein that serves to protect cancer cells.” As part of the license agreement, Duke University has become a shareholder in Grid.
About Grid Therapeutics:
Grid Therapeutics is a biotech company based on the innovative platform for discovering and isolating human derived antibodies. Dr Edward F. Patz, Jr, is the co-founder and CEO of Grid, located in Durham, North Carolina. The lead antibody was discovered in exceptional outcome early stage lung cancer patients who did not progress to develop metastasis. The antibody was isolated from patient’s B-cells using state of the art molecular genomic techniques. GT103, the company’s lead asset, will begin a Phase 1 clinical trial in cancer patients with advanced-stage solid tumors.
Contacts
Grid Therapeutics, LLCScott Lyman, 919-987-7190Chief Business Officer
Grid Therapeutics, LLCScott Lyman, 919-987-7190Chief Business Officer
