ScaleReady awards a G-Rex® Grant to Moonlight Bio
Rhea-AI Summary
ScaleReady, along with Wilson Wolf Manufacturing, Bio-Techne (NASDAQ: TECH), and CellReady, has awarded a G-Rex® Grant to Moonlight Bio to support their CAR T cell therapy development for solid tumors. The grant is part of ScaleReady's $20M initiative to advance cell and gene-modified cell therapy development.
The grant provides Moonlight Bio with access to a commercial CAR T manufacturing platform, funding for IND-enabling studies validation runs, Bio-Techne's ProPak™ and GMP Cytokines, and optional analysis of manufacturing batch records by CellReady. Individual grants are worth up to $300,000.
Moonlight Bio's technology is based on research published in Nature, focusing on enhancing engineered T cell therapies by utilizing mutations from T cell malignancies.
Positive
- Part of a significant $20M initiative in cell and gene therapy development
- Grant provides access to commercial manufacturing platform and validation funding
- Includes access to Bio-Techne's new closed system reagent solutions
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, TECH declined 5.13%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"We are grateful to receive a G-Rex Grant to support the advancement of our lead CAR T asset into the clinic in a platform that is cost effective and scalable. This mechanism is a creative solution that provides access to expertise and a highly efficient manufacturing platform to biotechnology companies in a way that saves significant time and money," said Dr. Jordan Jarjour, Chief Scientific Officer at Moonlight Bio.
"I'm confident that Moonlight Bio will quickly find out that ScaleReady's expertise and the G-Rex Grant Program will preserve the two most precious commodities for any cell therapy entity, time and money," said John Wilson, CEO of Wilson Wolf Manufacturing and co-inventor of G-Rex.
Moonlight Bio's technology is based on a recent article published in Nature from the labs of two of their scientific co-founders, Dr. Kole Roybal and Dr. Jaehyuk Choi, that describes a unique approach to enhance engineered T cell therapies by co-opting mutations that naturally occur in T cell malignancies (PMID: 38326614). By screening dozens of mutations from T cell neoplasms, their results indicate that exploiting naturally occurring mutations represents a promising approach to discover how solutions derived from the selective process of cancer evolution can improve T cell therapies.
As part of the G-Rex Grant, ScaleReady will provide Moonlight Bio access to a commercially viable CAR T manufacturing platform. The G-Rex Grant may also be used to defray the cost associated with validation runs to support the IND-enabling studies for Moonlight's lead CAR T asset. Additionally, Moonlight Bio will get access to Bio-Techne's new closed system reagent solutions, ProPak™ and GMP Cytokines for simplification of cytokine delivery. Finally, Moonlight Bio will have the option to receive a complimentary analysis of their master manufacturing batch records by CellReady, the world's first and only G-Rex centric contract development and manufacturing organization, to ensure commercial viability of the manufacturing process.
ScaleReady's G-Rex Grant Program is a
For more information about the G-Rex® Grant Program, please contact info@scaleready.com.
About ScaleReady
ScaleReady provides the field of cell and gene-modified cell therapy (CGT) with a G-Rex centric manufacturing platform that enables the world's most practical, flexible, scalable, and affordable CGT drug product development and manufacturing.
The G-Rex manufacturing platform is currently used by a rapidly growing list of over 800 organizations and is producing drug products for approximately
CGT entities relying on the breadth and scope of ScaleReady's expertise can expect to save years of time and millions of dollars on the path to CGT commercialization.
For more information about the ScaleReady G-Rex® Grant Program, please contact info@scaleready.com.
About Moonlight Bio, Inc.
Moonlight Bio, Inc. is a preclinical-stage biotechnology company based in
About Wilson Wolf Manufacturing
Wilson Wolf (www.wilsonwolf.com) is dedicated to simplifying cell and gene-modified cell (CGT) therapy research, process development, and manufacturing. This is being accomplished through its scalable G-Rex technology, which is used throughout the world in CGT applications ranging from basic research to commercial drug production.
Wilson Wolf's mission is to create hope for cancer patients, one G-Rex® device at a time.
About Bio-Techne Corporation
Bio-Techne Corporation (NASDAQ: TECH) is a global life sciences company providing innovative tools and bioactive reagents for the research and clinical diagnostic communities. Bio-Techne, in partnership with Wilson Wolf, is creating products such as media and cytokines that are specifically tailored to G-Rex® Bioreactors, including right-sized reagent quantities in containers that are tailored to high throughput closed-system manufacturing. For more information on Bio-Techne and its brands, please visit http://www.bio-techne.com or follow the Company on social media at Facebook, LinkedIn, Twitter or YouTube.
About Bio-Techne Corporation (NASDAQ: TECH)
Contact: David Clair, Vice President, Investor Relations & Corporate Development
david.clair@bio-techne.com
612-656-4416
About CellReady LLC
CellReady is the world's first and only G-Rex centric contract development and manufacturing organization (CDMO) specializing in G-Rex based cell and gene-modified cell therapy development and manufacturing. The company offers a wide range of services to support the development and commercialization of these therapies.
CellReady's mission is to create hope for cancer patients, one G-Rex® process at a time.
View original content to download multimedia:https://www.prnewswire.com/news-releases/scaleready-awards-a-g-rex-grant-to-moonlight-bio-302334680.html
SOURCE Bio-Techne Corporation
