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IgGenix Announces Move of Headquarters to Lilly Gateway Labs in South San Francisco
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Rhea-AI Sentiment
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Rhea-AI Summary
IgGenix, a biotechnology firm focused on alleviating allergic diseases, announces its move to Lilly Gateway Labs in South San Francisco, CA. This relocation aims to foster collaborations for scientific breakthroughs in allergy treatments. With over 50 million affected by allergies in the U.S., IgGenix intends to leverage its innovative single-cell discovery platform to develop safer therapeutic options. This partnership is expected to enhance access to Lilly's resources and expertise, ultimately addressing unmet treatment needs in the allergy space.
Positive
IgGenix's relocation to Lilly Gateway Labs offers access to innovative collaborations and resources.
The partnership may accelerate the development of new allergy treatments, catering to a significant market need.
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SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--
IgGenix, Inc., a biotechnology company taking a revolutionary approach to directly alleviate allergic disease, today announced that the company will be moving to Lilly Gateway Labs – a shared innovation laboratory – in South San Francisco, CA.
“We are honored to have been accepted into Lilly Gateway’s innovative laboratories,” said Jessica Grossman, M.D., chief executive officer of IgGenix. “This opportunity with Lilly Gateway Labs will yield new collaborations and foster scientific breakthroughs within the allergy space. I see no better place to further our research and discovery programs than as part of the Lilly community in South San Francisco.”
In 2019, Eli Lilly and Co. (NYSE: LLY) announced the first Lilly Gateway Lab to speed the discovery of innovative medicines through collaboration with local biotech companies. IgGenix joins 8 other leading biotechnology companies in the South San Francisco Gateway Labs.
“The purpose of the Lilly Gateway Labs is to offer emerging biotech companies the necessary innovative collaborations to foster scientific breakthroughs that deliver new solutions for patients,” said Julie Gilmore, Ph.D., chief operations officer of Lilly Gateway Labs. “IgGenix will be a great addition to Lilly’s diverse group of biotech companies. This collaboration will work to address the unmet needs of treatment options within the allergy space.”
More than 50 million Americans have suffered from various types of allergies, the sixth leading cause of chronic illness in the United States.i IgGenix is driven to develop safer therapeutic options through its single-cell discovery platform, leveraging evolutionary biology designed to target monoclonal antibodies.
About IgGenix
IgGenix is a privately held biotechnology company taking a revolutionary approach to directly alleviate food and other severe allergies by reengineering key antibodies involved in the allergic cascade. Founded based on research by Stephen Quake, Kari Nadeau, and Derek Croote of a novel discovery platform developed at Stanford University, IgGenix isolates rare allergen-specific IgE antibodies responsible for allergic reactions and transforms them into IgG antibodies. These therapeutic IgG antibodies are designed to alleviate and possibly prevent life-threatening allergic reactions, saving lives and reducing the constant fear that affects people living with severe allergies.
About Lilly Gateway Labs
Lilly Gateway labs, Eli Lilly and Company’s first shared innovation lab designed to speed the discovery of innovative medicines, offers companies potential access to Lilly scientists, team members and executives, as well as exposure to Lilly's scientific and functional expertise. With over 65,000 square feet of space, Lilly Gateway Lab has been designed with private lab modules and open areas for collaboration. Companies who work in Lilly Gateway Labs have the potential to collaborate with Lilly on projects of mutual interest, participate in shared learning forums with Lilly experts and partners, and have the potential for financial investment from Lilly and their venture network.
