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AvidBiotics Announces Research Collaboration with Full Spectrum Genetics
Date:9/10/2013

SOUTH SAN FRANCISCO, Calif., Sept. 10, 2013 /PRNewswire/ -- AvidBiotics today announced a research collaboration with Full Spectrum Genetics for the purpose of optimizing multiple therapeutic protein candidates from AvidBiotics' Micacide™ protein immuno-oncology and antiviral platform.  AvidBiotics also announced that Bob DuBridge, Ph.D., Chief Executive Officer of Full Spectrum Genetics, has joined the AvidBiotics Scientific Advisory Board.

(Logo: http://photos.prnewswire.com/prnh/20130909/NE76577LOGO)

"Micacide™ proteins represent a new class of molecules that harness the innate cellular immune response to efficiently detect and destroy cancerous or virus-infected cells," said James L. Knighton, AvidBiotics' President. "Full Spectrum Genetics' MapEng™ technology enables the rapid, simultaneous screening of many protein variants, allowing us to quickly identify those molecules with the best binding properties for further development as potential therapeutics."

Under the terms of the agreement, Full Spectrum Genetics will be responsible for generating and analyzing a multitude of variants of up to five specified AvidBiotics' protein molecules using its MapEng™ platform. AvidBiotics will receive worldwide rights to develop and commercialize product candidates arising from the collaboration. Full Spectrum Genetics will receive an upfront payment and is eligible for additional milestones and royalties on successfully commercialized molecules. Additional terms of the agreement were not disclosed.

"Traditional methods to understand protein-ligand interactions that affect disease outcomes often yield incomplete information despite the considerable time and expense involved," said Dr. DuBridge. "Our MapEng™ platform is designed to generate these insights significantly fa
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SOURCE AvidBiotics
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