SOUTH SAN FRANCISCO, Calif., and SINGAPORE, April 4, 2008 /PRNewswire/ -- Raven biotechnologies, inc., a privately held company focused on the discovery and development of monoclonal antibody therapeutics (MAbs) for cancer, and the Bioprocessing Technology Institute (BTI), today announced a collaboration to advance the discovery of novel cancer stem cell antibodies.
Under the terms of the agreement, Raven will license its proprietary whole cell immunization technology for use with BTI's stem cells. Raven will screen the resulting antibodies against its collection of cancer lines, including its cancer stem cell lines. Raven will have the rights to the antibodies BTI generates using Raven's immunization technology for use in cancer therapeutics and diagnostics and BTI will retain the rights to the antibodies it raises for all other stem cell therapeutic areas.
"Cancer stem cells represent a promising new source of oncology drug targets," stated George Schreiner, M.D., Ph.D., chief executive officer of Raven biotechnologies. "Our collaboration with the Bioprocessing Technology Institute's stem cell research team allows Raven to leverage its novel technology for developing monoclonal antibodies through immunization with stem cells. BTI is a world-class research institute. We anticipate that this collaboration should yield a substantial number of novel monoclonal antibodies targeting cancer stem cells suitable for development by Raven biotechnologies and its partners."
Miranda Yap, Ph.D., Executive Director of Bioprocessing Technology
Institute added, "Both BTI and Raven have much to gain from this strategic
alliance. It will help strengthen our respective fields of research and
advance science to better human healthcare. Generation of these novel
antibodies to stem cells with Raven's proprietary technology will enable
the development of tools for the characterization of stem cells and
importantly, these antibodies will also be valuable for th
|SOURCE Raven biotechnologies, inc.; Bioprocessing TechnologyInstitute|
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