On April 14, 2022 Ubix Therapeutics reported that it has entered into a research collaboration agreement with SK Biopharmaceuticals to develop new therapeutic compounds and medicines for a potential treatment of cancer (Press release, Ubix Therapeutics, APR 14, 2022, View Source [SID1234635866]).
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The two companies will develop anti-cancer treatments by using Ubix’s Degraducer platform technology, through the application of targeted protein degradation(TPD) and SK Biopharmaceutical’s drug development skills. TPD has been gaining attention as an emerging therapeutic modality that is able to "tackle and eliminate" proteins that cause cancer – an alternative to using conventional small molecules.
Under the terms of the agreement, Ubix Therapeutics and SK Biopharmaceuticals will jointly research and develop anti-cancer drugs, including immunotherapy.
SK Biopharmaceuticals will have exclusive option rights to the compounds after both sides successfully complete their early phase clinical trials. Ubix Therapeutics will be eligible to receive undisclosed upfront and milestone payments based on the progress in the development, as well as share profit with its new partner following commercialization.
"We are excited to forge ties with Ubix Therapeutics that is domestically leading the application of targeted protein degradation. SK Biopharmaceuticals will continue to join forces with new partners to further expand its CNS and oncology portfolio," said Cheol-Young Maeng, Chief Technology Officer and Vice President of SK Biopharmaceuticals.
"We are pleased to collaborate with SK Biopharmaceuticals, which has experience ranging from discovering drug candidates, conducting clinical trials to developing and commercializing global products in the central nervous system area. Through this partnership, we will successfully develop innovative anti-cancer drugs utilizing Ubix’s core platform technology." said BK Seo, CEO of Ubix Therapeutics.