Business
SAb Biotherapeutics Rebrands as SAB BIO
New name, logo and website updates, stock symbol will remain SABS With new brand identity, SAB BIO continues drive towards serious unmet needs in type 1
About this update from Sab Biotherapeutics, Inc.
[{"type":"text","content":"New name, logo and website updates, stock symbol will remain SABS With new brand identity, SAB BIO continues drive towards serious unmet needs in type 1 diabetes MIAMI, June 20, 2024 (GLOBE NEWSWIRE) -- SAB Biotherapeutics (Nasdaq: SABS) (the “Company” or “SAB”), a clinical-stage biopharmaceutical company with a novel immunotherapy platform developing a human anti-thymocyte immunoglobulin (hIgG) for delaying the onset or progression of type 1 diabetes (T1D), today announced its new name, SAB BIO, and visual identity to more closely align with its mission to treat and prevent immune and autoimmune disorders with the use of its unique immunotherapy platform. This rebrand includes a new name, logo mark and website updates to reflect the company’s strategic evolution. “Our business has transformed significantly in the past year, with our singular focus on developing therapies that have the potential to slow disease progression in patients with new or recent onset stage 3 type 1 diabetes,” said Samuel J. Reich, Chairman and CEO of SAB BIO. “Refreshing our corporate brand to reflect our vision for a new type 1 diabetes therapy was an important step to align our identity with our plan for clinical development and presence within the type 1 diabetes community.” The rebrand is announced in advance of SAB’s poster presentation at the American Diabetes Association 84th Scientific Sessions on June 21-24, 2024 in Orlando, Florida. The new SAB BIO name and visual identity are effective as of today; for more information on the company and SAB-142, visit SAB.BIO. Outlook The Company confirmed its outlook for fiscal year 2024, as previously disclosed in its May 20, 2024 first quarter earnings press release as well as confirmed its upcoming milestones including a topline data readout from its Phase 1 study of its lead candidate, SAB-142. About SAB-142 SAB-142 is a human alternative to rabbit anti-thymocyte globulin (ATG). SAB-142’s mechanism of action is analogous to that of rabbit ATG, which has been clinically validated in multiple clinical trials for type 1 diabetes, demonstrating the ability to slow down disease progression in patients with new or recent onset of Stage 3 type 1 diabetes. Two clinical trials have shown that a single, low dose of rabbit ATG has demonstrated the ability to modulate the body’s immune response to help slow beta ce...