Hummingbird Bioscience Licenses Novel Antibodies to Immunome
January 07 2025 - 7:00AM
Hummingbird Bioscience, a precision biotherapeutics company
discovering and developing transformative biologics for
hard-to-treat diseases, today announced it has granted Immunome,
Inc. (Nasdaq: IMNM), a biotechnology company focused on developing
first-in-class and best-in-class targeted cancer therapies, an
exclusive, worldwide license to monoclonal antibodies that are
directed to a single undisclosed target.
Under the terms of the license agreement, Immunome will be
responsible for the research, development, manufacturing and
commercialization of products incorporating these antibodies.
Hummingbird Bioscience will receive an upfront payment and will be
eligible for future development and commercial milestone
payments, as well as royalties.
“This agreement underlines the value of Hummingbird Bioscience’s
epitope-focused antibody discovery capabilities. We are pleased to
have licensed one of our monoclonal antibodies to Immunome, a team
experienced in developing and commercializing novel ADC therapies.
The team’s capabilities make them a great partner to further
advance these antibodies,” said Piers Ingram, PhD, Chief Executive
Officer of Hummingbird Bioscience. “Hummingbird Bioscience is
committed to advancing our pipeline of preclinical novel drug
candidates and clinical-stage therapies to offer patients
potentially new transformative biologics for hard-to-treat
diseases.”
Hummingbird Bioscience’s Rational Antibody Discovery (RAD)
platform uses proprietary AI-enabled algorithms, immunization
strategies and Abvantage™ mice to accelerate discovery of
epitope-specific, high affinity antibodies. The platform’s
integrated workflow is designed to focus antibody responses to
optimal functionally relevant epitopes, and multiple RAD-derived
therapeutics are currently in clinical development or have been
partnered.
About Hummingbird Bioscience Hummingbird
Bioscience is a precision biotherapeutics company discovering and
developing transformative biologics for hard-to-treat diseases. To
address key challenges with current antibody-drug conjugate (ADC)
therapies, Hummingbird Bioscience is building a pipeline of
next-generation ADCs using its proprietary antibody discovery and
linker/payload platforms. The company has a pipeline of ADCs in
preclinical development and other novel biologics including
monoclonal antibodies, HMBD-001 (anti-HER3 mAb) and HMBD-002
(anti-VISTA mAb) in Phase I and an out-licensed ADC (HMBD-501) that
will enter the clinic in 2025. The Hummingbird Bioscience approach
combines computational and systems biology with wet lab drug
discovery in a multi-disciplinary, collaborative environment
spanning initial discovery through clinical development. The
company harnesses this integrated approach across target
identification and patient selection, enabling the team to increase
the efficiency of translating novel scientific insights while
reducing the inherent risk in drug discovery and development. At
Hummingbird Bioscience, the commitment to rigorous science,
teamwork and intellectual integrity underpins our passion to
accelerate the journey of new drugs from concept to clinic.
For more information, please
visit www.hummingbirdbioscience.com, and follow Hummingbird
Bioscience on LinkedIn, X (formerly Twitter),
and YouTube.
Contacts
Media:
Crystal Ho
c.ho@hummingbirdbio.com
media@hummingbirdbio.com
+65 6979 5580
Investors:
investors@hummingbirdbio.com
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