Business
Collaboration With Top 10 Global Pharma
Collaboration With Top 10 Global Pharma.
About this update from Arecor Therapeutics Plc
[{"type":"text","content":"\n\nArecor Therapeutics plc\n(\"Arecor\" or the \"Group\")\n \nARECOR TO COLLABORATE WITH TOP 10 GLOBAL PHARMACEUTICAL COMPANY\n \nArecor expands its global partnerships through collaboration to develop an enhanced antibody formulation\n \nCambridge, UK, 17 August 2023: Arecor Therapeutics plc (AIM: AREC), the biopharmaceutical group advancing today's therapies to enable healthier lives, today announces that it has signed an agreement with a top 10 pharmaceutical company to develop an enhanced antibody formulation for one of its investigational drugs.\n \nUnder the terms of this agreement, Arecor will use its proprietary formulation technology platform, Arestat™, to develop a novel, stable formulation of a liquid, high concentration antibody. The collaborator will fund the development work, generating new revenue for Arecor. This agreement adds to Arecor's growing portfolio of partnerships.\n \nSarah Howell, Chief Executive Officer of Arecor, said: \"This collaborator is a leader in the development of novel medicines. Arecor has a proven track record of leveraging its Arestat technology to help deliver these complex therapeutics. We work closely with our partners to develop more effective treatments where superior properties bring even greater benefit to patients and we look forward to working with the world-renowned R&D team.\"\n \nThis announcement contains inside information for the purposes of the retained UK version of the EU Market Abuse Regulation (EU) 596/2014 (\"UK MAR\").\n \n-ENDS-\n \nFor more information, please contact:\n\n\n\nArecor Therapeutics plc\n\n\nwww.arecor.com\n\n\n\n\nDr Sarah Howell, Chief Executive Officer\n\n\nTel: +44 (0) 1223 426060\nEmail: [email protected]\n\n\n\n\n\n\n\n\n\n\n\n\nSusan Lowther, Chief Financial Officer\n\n\nTel: +44 (0) 1223 426060\nEmail: [email protected]\n\n\n\n\n \n\n\n\n\n\n\n\nMo Noonan, Communications\n\n\nTel: +44 (0) 7876 444977\nEmail: [email protected]\n\n\n\n\n\n\n\n\n\n\n\n\nPanmure Gordon (UK) Limited (NOMAD and Broker)\nFreddy Crossley, Emma Earl (Corporate Finance)\nRupert Dearden (Corporate Broking)\n\n\nTel: +44 (0) 20 7886 2500\n \n\n\n\n\n\n\n\n\n\n\n\n\nConsilium Strategic Communications\n\n\n\n\n\n\n\nChris Gardner, David Daley, Lindsey Neville\n\n\nTel: +44 (0) 20 3709 570...