AbCellera Announces Collaboration with Moderna to Discover Therapeutic Antibodies for mRNA Medicines

Rhea-AI Summary

AbCellera (Nasdaq: ABCL) announced a multi-year collaboration with Moderna to utilize its AI-powered antibody discovery platform alongside Moderna’s mRNA technology. This partnership aims to accelerate the development of mRNA-encoded antibody therapeutics for up to six targets. Moderna will hold the rights to develop and commercialize the antibodies, while AbCellera will receive research payments and potential milestone payments and royalties. CEO Carl Hansen emphasized the collaboration as a significant step in advancing genetic medicines.

Positive

• Collaboration with Moderna enhances AbCellera's credibility and market reach.
• Potential for significant revenue through milestone payments and royalties from successful antibody development.

Negative

• Risks associated with reliance on third-party partnerships for revenue generation.
• Uncertainty in the commercialization success of developed products.

Partnership combines AbCellera’s AI-powered antibody discovery platform with Moderna’s mRNA technology platform to accelerate the development of mRNA-encoded antibody therapeutics across multiple indications

VANCOUVER, British Columbia--(BUSINESS WIRE)-- AbCellera (Nasdaq: ABCL) announced today that it entered into a multi-year, multi-target research collaboration and license agreement with Moderna to leverage AbCellera’s AI-powered technology to search and analyze natural immune responses to identify therapeutic antibodies against up to six targets selected by Moderna.

“Over the past year, Moderna has demonstrated the speed and impact of its mRNA vaccine technology in helping to protect people around the world,” said Carl Hansen, Ph.D., CEO and President of AbCellera. “We are excited to work alongside their team to advance RNA-encoded antibodies as a new frontier in genetic medicines.”

Under the terms of the agreement, Moderna will have the rights to develop and commercialize antibodies resulting from the collaboration. AbCellera will receive research payments and is eligible to receive from Moderna downstream clinical and commercial milestone payments and royalties on net sales of products.

About AbCellera Biologics Inc.

AbCellera is a technology company that searches, decodes, and analyzes natural immune systems to find antibodies that its partners can develop into drugs to prevent and treat disease. AbCellera partners with drug developers of all sizes, from large pharmaceutical to small biotechnology companies, empowering them to move quickly, reduce cost, and tackle the toughest problems in drug development. For more information, please visit www.abcellera.com.

AbCellera Forward-looking Statements

This press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on management’s beliefs and assumptions and on information currently available to management. All statements contained in this release other than statements of historical fact are forward-looking statements, including statements regarding our ability to develop, commercialize and achieve market acceptance of our current and planned products and services, our research and development efforts, and other matters regarding our business strategies, use of capital, results of operations and financial position, and plans and objectives for future operations.

In some cases, you can identify forward-looking statements by the words “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in the documents we file with the Securities and Exchange Commission from time to time. We caution you that forward-looking statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. As a result, the forward-looking statements may not prove to be accurate. The forward-looking statements in this press release represent our views as of the date hereof. We undertake no obligation to update any forward-looking statements for any reason, except as required by law.

Source: AbCellera Biologics Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210915005361/en/

AbCellera Inquiries:

Media: Jessica Yingling, Ph.D.; media@abcellera.com, +1(236) 521-6774

Business Development: Neil Berkley; bd@abcellera.com, +1(604) 559-9005

Investor Relations: Melanie Solomon; ir@abcellera.com, +1(778) 729-9116

Source: AbCellera Biologics Inc.

FAQ

What is the partnership between AbCellera and Moderna about?

AbCellera and Moderna are collaborating to develop mRNA-encoded antibody therapeutics using AbCellera's AI technology.

How will AbCellera benefit from the collaboration with Moderna?

AbCellera will receive research payments and is eligible for milestone payments and royalties on product sales.

What are the terms of the agreement between AbCellera and Moderna?

Moderna has rights to develop and commercialize antibodies identified in the collaboration, while AbCellera will receive compensation based on various milestones.

How many targets are involved in the AbCellera and Moderna collaboration?

The collaboration will focus on up to six therapeutic targets selected by Moderna.

What is the stock symbol for AbCellera?

The stock symbol for AbCellera is ABCL.