SOHM Announces Its Acquisition of ABBIE, a World-Class Gene-Editing Platform Which Can Deliver Genetic Payloads Using Non-Viral Vectors
- SOHM, Inc. is well-positioned in the gene-editing market and can generate immediate revenue through licensing and gene-editing kits.
- None.
CHINO HILLS, Calif., Sept. 26, 2023 (GLOBE NEWSWIRE) -- via IBN -- SOHM, Inc. (OTC PINK: SHMN), a pharmaceutical, nutraceutical and cosmeceutical company that manufactures and markets generic drugs covering numerous treatment categories, announces today that it has acquired:
ABBIE, a world-class gene-editing platform which can deliver genetic payloads using non-viral vectors.
With this acquisition, SOHM is well-positioned as a competitive player in the
ABBIE uses targeted integration to insert larger DNA sequences (aka, genetic payload), including full genes, into a desired loci of the target cell’s genome. ABBIE will be able to edit genes of a large number of cell types at different stages of their life cycles, overcoming the limitations of current cell editing and cell engineering technologies.
ABBIE is currently undergoing further development to optimize expression and purification of its protein-based platform. Upon completion of development, ABBIE will become high-quality, off-the-shelf cell engineering kits. Gene-editing companies will use ABBIE kits to deliver a gene payload to a specific locus on their targeted cells.
Revenue generations can be obtained immediately through licensing and gene-editing kits slated to be released for commercialization in 3Q/4Q 2024. ABBIE is expected to reach in-human trial on or before 4Q 2025.
The global biotechnology kit market is estimated at
ABBIE’s development is being led by David Aguilar PhD, SOHM’s COO. Dr. Aguilar has extensive experience in molecular and cellular biology, genome editing, and has been an entrepreneur in biotechnology since 2015.
“ABBIE is a platform tool that delivers genes of interest for clinical trials. Compared to other gene-editing technologies, ABBIE has achieved the same level of progress with much less R&D spending. Our strategic partnerships and capital management have enabled us to streamline development and expedite our commercialization,” says Dr. Aguilar.
ABBIE was acquired from CGA 369 for
ABBIE development will be presented at the following scientific conferences:
Apr 2024: American Association of Cancer Research, AACR 2024, in San Diego, California
May 2024: SynbioBeta 2024 in San Jose, California
------------------------------------------
About CGA 369
CGA 369 is a cutting-edge bio tech company revolutionizing the way proteins are expressed, validated and engineered, paving the way for a future of endless possibilities.
CGA 369 caters to the emerging cell engineering space by specializing in protein expression, offering state-of-the-art technologies and innovative solutions to harness the full potential of proteins. The company is driven by a dedicated team of experts combining expertise in molecular biology, genetic engineering and bioinformatics to unlock the intricate mechanisms of protein synthesis, ensuring precise and optimized expression for a wide range of applications.
To learn more about CGA 369, visit www.cga369.com
About SOHM, Inc.
SOHM, Inc. is a growing generic pharmaceutical manufacturing and marketing company with a vision of “Globalè Prospèro” that aims to build continuous growth. SOHM manufacturing and marketing targets rapidly growing healthcare segments such as nutraceuticals, cosmeceuticals and other major therapeutic segments. SOHM is headquartered in North America with manufacturing alliances in India and strategic alliances with U.S. manufacturing facilities. Although SOHM’s generic pharmaceuticals are exported globally and were introduced to the USA in early 2013, SOHM continues its focus on distribution to emerging markets in Africa, Latin America and Southeast Asia.
To learn more about SOHM, Inc., visit www.SOHM.com.
Safe Harbor Statement:
This news release contains “forward-looking statements,” which are statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development-stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report for the most recent fiscal year and our quarterly reports uploaded from time to time on OTCMarkets.com.
For more information, please contact:
SOHM, Inc.
+1 (714) 522-6700
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
+1 (310) 299-1717 Office
Editor@InvestorBrandNetwork.com
