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SAB Biotherapeutics Advancing Pipeline and Expands into Treatment for C. Diff. as DoD Contract Winds Down
SIOUX FALLS, S.D., Aug. 09, 2022 (GLOBE NEWSWIRE) -- SAB Biotherapeutics (Nasdaq: SABS), (SAB), a clinical-stage biopharmaceutical company with a novel
About this update from Sab Biotherapeutics, Inc.
[{"type":"text","content":"SIOUX FALLS, S.D., Aug. 09, 2022 (GLOBE NEWSWIRE) -- SAB Biotherapeutics (Nasdaq: SABS), (SAB), a clinical-stage biopharmaceutical company with a novel immunotherapy platform that produces specifically targeted, high-potency, fully human polyclonal antibodies without the need for human donors, announced that it will be discontinuing its work with the U.S. Department of Defense (DoD) under a prototype research and development agreement. The agreement, which was awarded in the summer of 2019, underwent significant modifications as a result of the COVID-19 pandemic, and the government’s evolving requirements no longer align with the goals of the agreement as originally contemplated. As part of the closeout process, SAB and the DoD will engage in a comprehensive negotiation to address all open items under the agreement, which is expected to include a multi-million-dollar payment to SAB. The conclusion of SAB’s agreement with the DoD will allow the company to focus on its core priorities and expand its current pipeline, as illustrated by today’s announcement regarding the launch of SAB’s new, differentiated research program to use its first-of-its-kind polyclonal antibody technology to treat Clostridioides difficile Infection (CDI or C. diff.), a potentially terminal gastrointestinal infectious disease with few effective treatments and the most common healthcare-acquired pathogen. “Our work with the federal government has accelerated SAB’s proof of concept and scientific prowess of our unique antibody platform,” said Eddie Sullivan, co-founder, President and Chief Executive Officer of SAB Biotherapeutics. “We wish to thank our DoD partners for their support, collaboration, and belief in SAB’s science. We stand ready to support our nation’s men and women in uniform as they address our national security needs. We’re excited to lean fully into our own cutting edge research programs which we believe will result in the development of accessible life-changing medications to patients in need. This renewed focus on our core mission also allows us to expand our pipeline, including the addition of our new treatment for Clostridioides difficile Infection, a devasting disease with few effective treatment options.” SAB has advanced its preclinical program, SAB-195, a polyclonal antibody treatment for C. diff., one of the most prevalent healthcare...