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|February 02, 2016 8:00 a.m.|
|Teva and AbCellera Enter Into Agreement to Discover Rare Monoclonal Antibodies|
Agreement Further Supports Teva’s
“We are pleased to work with AbCellera utilizing this company’s novel
biologics technology,” said
Under the terms of the agreement, AbCellera will receive an upfront payment, research payments, and is eligible to receive undisclosed downstream milestones associated with the development and approval of therapeutic antibodies.
“These are tough problems that need new technologies to move them
forward. Our platform brings important advantages to enable the
discovery of rare antibodies with defined specificity and functional
activity against difficult membrane protein targets,” said Dr.
AbCellera is a privately held company that has developed a high-throughput platform for the rapid discovery of therapeutic antibodies directly from natural immune cells. The company’s proprietary single cell technology can be applied across multiple species and provides flexible assay formats to identify antibodies with defined properties at a throughput of millions of B cells per run. In addition to internal programs, AbCellera provides pharmaceutical and biotechnology partners with access to state-of-the-art antibody discovery capabilities to advance and accelerate therapeutic development. For more information, visit http://www.abcellera.com.
Teva's Safe Harbor Statement under the
This release contains forward-looking statements, which are based on
management’s current beliefs and expectations and involve a number of
known and unknown risks and uncertainties that could cause our future
results, performance or achievements to differ significantly from the
results, performance or achievements expressed or implied by such
forward-looking statements. Important factors that could cause or
contribute to such differences include risks relating to: our ability to
develop and commercialize additional pharmaceutical products;
competition for our specialty products, especially Copaxone® (including
competition from orally-administered alternatives, as well as from
generic equivalents such as the recently launched
Teva Pharmaceutical Industries Ltd.