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Product › Details

Nanobodies®

Products Next higher product group antibody
Period Status 2005-09-01 development existent
Organisation Organisation Ablynx N.V. (Euronext Brussels: ABLX, Nasdaq: ABLX)
  Group Ablynx (Group)
  Original research Vrije Universiteit Brussel (VUB)
     

Ablynx N.V.. (9/26/13). "Press Release: Ablynx and Merck Serono further Strengthen Their Collaboration on Co-discovery and Co-development of Nanobodies. Creation of Dedicated Discovery Unit at Ablynx". Ghent.

Discovery and development of Nanobodies® against multiple targets in Merck Serono's core therapeutic areas


Ablynx [Euronext Brussels: ABLX] and Merck Serono, the biopharmaceutical division of Merck KGaA, Darmstadt, Germany, today announced that they have further expanded their relationship through a multi-year research alliance that could lead to at least four co-discovery and co-development collaborations.

Under the terms of the agreement, Merck Serono will fund a dedicated discovery group at Ablynx. Both partners will jointly select disease targets against which this group will develop Nanobodies, up to in vivo proof-of-principle. The dedicated group will focus on the discovery and development of Nanobodies against a number of targets across multiple disease areas. The collaboration will span all of Merck Serono's core research and development fields, including oncology, immuno-oncology, immunology and neurology.

Dr Edwin Moses, Chairman and CEO of Ablynx commented: "This is a very exciting expansion of our partnership with Merck Serono, building on the success of our existing collaborations and allowing us to exploit the broad and powerful applicability of our Nanobody platform with a partner with whom we have successfully worked for over five years. The new alliance is an early stage discovery initiative, which allows the companies to rapidly explore the potential of novel targets across a range of therapeutic areas and to determine which programmes should be prioritised for later stage development. It is a very interesting model that could create substantial value for both parties and one which we believe could be applicable for us in other partnerships."

"We have established a very trustful and productive partnership with Ablynx and a first compound has entered Phase I at the beginning of 2013," added Dr Bernhard Kirschbaum, Executive Vice President, Head of Global Research and Early Development at Merck Serono and Member of the Merck Serono Executive Board. "Through our extensive collaboration history with Ablynx, both sides know how to best conceptually design programmes to ensure technology fit, differentiation potential and a clear scientific rationale. Our common goal is to develop novel biologics with a high degree of differentiation for high-value therapeutic targets."

The research alliance will have a term of four years, with the option to extend by two and a half years. Research funding from Merck Serono over the first four years will be over €25 million, including an initial payment of €11.5 million at signing, and will aim to ensure that the collaboration could deliver at least six programmes with proof-of-principle in a relevant animal model.

In addition, depending on the successful achievement of in vivo proof-of-principle in sufficient programmes, Merck Serono will commit to taking at least four programmes forward with Ablynx in co-discovery and co-development arrangements. This co-development concept will extend the collaboration between both companies which started when they signed their first contract in 2008, followed by two additional agreements in 2010 and 2011. Further terms of the new agreement are not disclosed.


About the Merck Serono partnerships

The first contract between Ablynx and Merck Serono was signed in 2008, at that point in time focusing on two targets in oncology and immunology, followed by a second contract in 2010, adding a new programme for an inflammatory diseases target. In November 2011, Ablynx and Merck Serono announced the further expansion of their relationship, entering into their third agreement to co-discover and co-develop Nanobodies against two targets in osteoarthritis.


About Ablynx

Ablynx is a biopharmaceutical company engaged in the discovery and development of Nanobodies®, a novel class of therapeutic proteins based on single-domain antibody fragments, for a range of serious human diseases, including inflammation, haematology, oncology and pulmonary disease.

Today, the Company has approximately 25 programmes in the pipeline and six Nanobodies at clinical development stage. Ablynx has on-going research collaborations and significant partnerships with major pharmaceutical companies including AbbVie, Boehringer Ingelheim, Merck & Co, Merck Serono and Novartis.

The Company is headquartered in Ghent, Belgium. More information can be found on www.ablynx.com.


About Merck Serono

Merck Serono is the biopharmaceutical division of Merck KGaA, Darmstadt, Germany. Merck Serono offers leading brands in 150 countries to help patients with cancer, multiple sclerosis, infertility, endocrine and metabolic disorders as well as cardiovascular diseases. In the United States and Canada, EMD Serono operates as a separately incorporated subsidiary of Merck Serono. Merck Serono discovers, develops, manufactures and markets prescription medicines of both chemical and biological origin in specialist indications. We have an enduring commitment to deliver novel therapies in our core focus areas of neurology, oncology, immuno-oncology and immunology. For more information, please visit www.merckserono.com.


For more information, please contact:

Ablynx:
Dr Edwin Moses
Chairman and CEO
t: +32 (0)9 262 00 07
m: +44 (0)7771 954 193 / +32 (0)473 39 50 68
e: edwin.moses@ablynx.com
Marieke Vermeersch
Associate Director Investor Relations
t: +32 (0)9 262 00 82
m: +32 (0)479 49 06 03
e: marieke.vermeersch@ablynx.com
@AblynxABLX

Ablynx media relations
Consilium Strategic Communications:
Mary-Jane Elliott, Amber Bielecka, Lindsey Neville
t: +44 207 920 2345
e: ablynx@consilium-comms.com


Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company or, as appropriate, the Company directors' current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. Neither the Company nor its advisers or representatives nor any of its parent or subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

   
Record changed: 2018-09-04

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