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Wednesday, March 25, 2020

Vir inks deal with Xencor for antibody-extending technology

Vir Biotechnology (NASDAQ:VIR) has in-licensed non-exclusive rights to Xencor’s (NASDAQ:XNCR) Xtend Fc technology aimed at extending the half-lives of novel antibodies it is investigating for the potential treatment of COVID-19.
Under the terms of the agreement, Vir will be responsible for all R&D, regulatory and commercial activities. Specific financial terms are not disclosed.
Xencor’s Xtend XmAb Fc domains increase circulating half-life by increasing binding affinity to a receptor called FcRn which is present inside lysosomes in epithelial cells lining blood vessels. They “rescue” antibodies from the degradation that make most proteins short-lived in circulation.
https://seekingalpha.com/news/3555208-vir-inks-deal-xencor-for-antibody-extending-technology

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