Biomunex Pharmaceuticals Establishes US Subsidiary
Biomunex Pharmaceuticals recently announced that it has established its US subsidiary, Biomunex Pharmaceuticals Inc., in Cambridge, MA. The opening of this subsidiary is a first step in the company’s strategy to expand Biomunex’s activities in the US, with initial focus on facilitating Research & Development partnerships and business development activities with pharmaceutical companies and leading academic institutions.
“Following our recent licensing agreement with Sanofi for the generation and optimization of bi- and multi-specific antibody therapeutics, we are excited about ramping up our R&D and partnering activities in the US with the establishment of Biomunex Inc.,” said Dr. Pierre-Emmanuel Gerard. “We are delighted to open our US subsidiary in Cambridge, MA, which probably represents the largest biotech cluster in the world, especially in the therapeutic antibody field. Biomunex’s ambition is to develop its product pipeline globally, and this first step paves the way for US developments.”
“The establishment of the US subsidiary will contribute to our global R&D objectives by increasing discovery and development partnerships based on the BiXAb technology with major US academic and industrial teams. Biomunex Inc. will also accelerate the preclinical and clinical development of our proprietary BiXAb antibodies,” added Dr. Eugene Zhukovsky.
Biomunex’s Plug-and-Play BiXAb platform generates next-generation bi- and multi-specific antibodies. This modular bi- and multi-specific technology enables the turnkey formatting of a BiXAb antibody from any pair of monospecific monoclonal antibodies as building blocks, in a timely and cost-effective manner. The BiXAb platform possesses all the key properties expected of an ideal bispecific antibody technology: fast design and modularity, excellent drug-like properties and manufacturability, capability of creating tri- and tetra-specific antibodies, and versatility. This technology enables Biomunex to develop immuno-oncology drug candidates with high anti-tumor activity demonstrating synergy on their targets. Biomunex is also developing the BiXAb platform for new disruptive technologies based on multi-specific antibodies and T-cell redirection.
Headquartered in Paris, France, Biomunex Pharmaceuticals is a biopharmaceutical company focused on providing cutting-edge immuno-therapeutics through the discovery and development of bi- and multi-specific antibodies. Its pipeline includes bispecific antibodies in early development and disruptive discovery programs for immuno-oncology that will soon enable the company to reach clinical stage. Biomunex’s next-generation proprietary BiXAb technology allows the discovery and development of bi- and multi-specific antibodies with excellent drug-like properties, in a timely and cost-effective manner. After a first out-licensing agreement with Sanofi, Biomunex continues to leverage its technology to partner with international pharmaceutical and biotechnology companies. For more information, visit www.biomunex.com.
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