Latest Business News
Prelude Therapeutics and AbCellera Collaborate to Develop Precision Antibody Drug Conjugates in Oncology
Prelude Therapeutics Incorporated ("Prelude") and AbCellera have entered into a multi-year, multi-program partnership to jointly discover, develop, and commercialize novel oncology treatments. The collaboration combines Prelude's expertise in targeted protein degradation and clinical development with AbCellera's antibody discovery and development engine to create precision antibody drug conjugates (ADCs).
First Program Focus:
The partnership's initial program will concentrate on ADCs to expand the reach of Prelude's small molecule SMARCA2 selective degraders. This program benefits from a lead panel of antibodies previously discovered by AbCellera and aims to address a larger patient population.
Under the agreement, Prelude and AbCellera will jointly discover, develop, and commercialize products resulting from the collaboration. AbCellera will lead manufacturing activities, while Prelude will oversee clinical development and global commercialization, with the option for AbCellera to co-promote any resulting commercial products in the United States.
Kris Vaddi, Ph.D., Founder and CEO of Prelude, expressed excitement about the collaboration, highlighting the opportunity to build a pipeline of first-in-class ADCs targeting validated pathways in oncology. Carl Hansen, Ph.D., Founder and CEO of AbCellera, emphasized the partnership's potential to create precision ADC therapies for patients in need.
About Prelude Therapeutics:
Prelude Therapeutics is a clinical-stage precision oncology company focused on developing innovative drug candidates that target critical cancer cell pathways. The company's pipeline includes small molecule compounds aimed at addressing clinically validated pathways for underserved cancer patients.
About AbCellera Biologics Inc.:
AbCellera is revolutionizing antibody drug discovery by integrating expert teams, technology, and data science to accelerate the development of antibody-based medicines. The company collaborates with biotechs and pharmaceutical companies to provide a competitive advantage in moving quickly and tackling challenges in drug development.In conclusion, the partnership between Prelude Therapeutics and AbCellera represents a significant collaboration to develop precision antibody drug conjugates for oncology. By leveraging their respective expertise, the companies aim to bring novel treatments to patients and address unmet needs in the field of cancer therapeutics. The partnership between Prelude Therapeutics and AbCellera to develop precision antibody drug conjugates (ADCs) for oncology is a significant development that could impact new businesses in the biotech and pharmaceutical sectors. This collaboration combines Prelude's expertise in targeted protein degradation and clinical development with AbCellera's antibody discovery and development engine, setting a high bar for innovation and collaboration in the industry. For new businesses, this partnership serves as a blueprint for how to leverage complementary expertise and resources to accelerate drug development. It underscores the importance of strategic partnerships in driving innovation, particularly in complex fields like oncology. Moreover, the focus on developing first-in-class ADCs targeting validated pathways in oncology highlights the potential for new businesses to make a significant impact in areas of unmet need. It signals a growing demand for precision medicines that can address the unique needs of specific patient populations. However, this collaboration also raises the competitive stakes. New businesses will need to demonstrate a strong value proposition to compete effectively, whether it's through novel drug candidates, innovative technologies, or unique therapeutic approaches. In conclusion, while the partnership between Prelude and AbCellera presents exciting opportunities, it also underscores the challenges new businesses may face in the competitive landscape of oncology drug development.