Vaxxinity Joins TransCelerate Research and Development Consortium

Rhea-AI Summary

Vaxxinity, Inc. (Nasdaq: VAXX) announced its membership in the TransCelerate BioPharma consortium, a move aimed at accelerating drug development through collaboration. Ulo Palm, Vaxxinity's CMO, emphasized the alignment of both organizations in enhancing global healthcare delivery. TransCelerate focuses on improving efficiencies in the biopharma sector, with Vaxxinity bringing its expertise in developing synthetic peptide-based immunotherapeutic vaccines targeted at chronic diseases like Alzheimer’s and migraine. This partnership is expected to bolster Vaxxinity's development pipeline and contribute to innovative therapeutic solutions.

Positive

• Joined TransCelerate BioPharma, enhancing collaboration in drug development.
• Focus on innovative synthetic peptide-based immunotherapeutic vaccines targeting chronic diseases.

Negative

• None.

CAPE CANAVERAL, Fla., March 21, 2023 (GLOBE NEWSWIRE) -- Vaxxinity, Inc. (Nasdaq: VAXX), a U.S. company pioneering the development of a new class of immunotherapeutic vaccines, announced today that it has joined TransCelerate BioPharma, Inc. (TransCelerate) as the first emerging biotechnology organization of the trailblazing consortium that is accelerating and simplifying the research and development of innovative new therapies.

“Vaxxinity is proud to join TransCelerate’s consortium of leading life science innovators and contribute to the goal of accelerating the pace of drug development through a sharing of resources and harmonization of best practices across the industry,” said Ulo Palm, Chief Medical Officer of Vaxxinity. “TransCelerate’s mission aligns with Vaxxinity’s overarching vision of providing medicine to improve human health as rapidly as possible without compromising patient safety. We look forward to realizing the benefits of TransCelerate to Vaxxinity’s development pipeline and to contributing our knowledge and expertise to speed the advancement of new therapeutics globally.”

TransCelerate is a collaborative organization dedicated to accelerating the development of new medicines and improving the health of people around the world.

“TransCelerate unites the global biopharma ecosystem under the belief that when the industry collaborates to overcome common problems and challenges, we can accelerate our community’s ability to improve patients’ lives,” said Janice Chang, Chief Executive Officer at TransCelerate. “I am delighted to welcome Vaxxinity as an Associate Member. Their mission of democratizing healthcare across the globe aligns with TransCelerate as we continue our journey to identify challenges, break down barriers, and create pragmatic solutions to expedite the development and delivery of new medicines. We are eager to work with their passionate and innovative team.”

About Vaxxinity

Vaxxinity, Inc. is a purpose-driven biotechnology company committed to democratizing healthcare across the globe. The company is pioneering a new class of synthetic, peptide-based immunotherapeutic vaccines aimed at disrupting the existing treatment paradigm for chronic disease, increasingly dominated by monoclonal antibodies, which suffer from prohibitive costs and cumbersome administration. The company’s proprietary technology platform has enabled the innovation of novel pipeline candidates designed to bring the efficiency of vaccines to the treatment of chronic diseases, including Alzheimer’s, Parkinson’s, migraine, and hypercholesterolemia. The technology is also implemented as part of a COVID-19 vaccine program. Vaxxinity has optimized its pipeline to achieve a potentially historic, global impact on human health.

For more information about Vaxxinity, Inc., visit http://www.vaxxinity.com and follow us on social media @vaxxinity.

Vaxxinity Forward-looking Statement

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of certain words, including "potentially," and "will" and similar expressions, are intended to identify forward-looking statements. These forward-looking statements involve substantial risks and uncertainties, and are based on the current expectations and assumptions of Vaxxinity’s management. Forward-looking statements include statements about the development of a new class of immunotherapeutic vaccines and the innovation and efficacy of Vaxxinity’s product candidates. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by our forward-looking statements. Additional important factors to be considered in connection with forward-looking statements are described in the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 24, 2022 and other reports we file with the Securities and Exchange Commission. The forward-looking statements are made as of this date and Vaxxinity does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About TransCelerate BioPharma, Inc.

TransCelerate BioPharma Inc. is a non-profit consortium that brings together prominent R&D minds from some of the most esteemed biopharmaceutical organizations in the world to accelerate and simplify the delivery of new medicines that can change the world. TransCelerate provides a unique platform that enables industry experts with a passion for innovation to lend their insights in a collaborative environment to improve operations across the global biopharma community, make drug delivery more efficient, and thereby make patients’ lives better.

The vast majority of TransCelerate solutions are publicly available. Headquartered in Philadelphia, TransCelerate has 21 Member Companies and 30+ initiatives focused on improving the patient and site experience, enhancing sponsor efficiencies and drug safety and, as appropriate, harmonizing process and sharing information. Membership in TransCelerate is open to pharmaceutical and biotechnology companies with R&D operations. For more information, please visit the website, LinkedIn, or YouTube.

Vaxxinity Contacts

Investor Contact
Mark Joinnides
ir@vaxxinity.com

Press Contact
Jon Yu
media@vaxxinity.com

TransCelerate BioPharma Contact
Leigh Anne Minnier
Senior Manager, Communications
201-841-5768
leighanne.minnier@transceleratebiopharmainc.com

FAQ

What is the significance of Vaxxinity joining TransCelerate BioPharma?

Vaxxinity's membership is aimed at enhancing collaboration to accelerate drug development and improve healthcare delivery.

When did Vaxxinity announce its membership in TransCelerate?

Vaxxinity announced its membership on March 21, 2023.

How does Vaxxinity plan to impact drug development through this partnership?

Vaxxinity aims to contribute its expertise in synthetic peptide vaccines to expedite the development of innovative therapies.

What diseases are Vaxxinity's vaccines targeting?

Vaxxinity is targeting chronic diseases such as Alzheimer's, Parkinson's, and migraines with its immunotherapeutic vaccines.