On July 12, 2019 IMMUNOPRECISE ANTIBODIES LTD. (the "Company" or "IPA") (TSX VENTURE: IPA) (OTC PINK: IPATF), an industry leader in the discovery of novel, therapeutic monoclonal antibodies, reported that it has entered into a new antibody discovery collaboration with Entos Pharmaceuticals Inc., to develop a therapeutic candidate against an undisclosed, immuno-oncology target, by leveraging ImmunoPrecise’s proprietary B cell Select platform (Press release, ModiQuest Therapeutics, JUL 12, 2019, View Source [SID1234537526]).
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ImmunoPrecise’s well-established B cell Select platform is capable of screening tens of millions of cells, to identify a greater diversity of antibodies, with very little manipulation. This proprietary platform is species and tissue independent, allowing for the generation of antibodies from samples not possible using other methods. The B cell Select platform takes advantage of the diversity of the animal’s immune repertoire, and allows for screening of any protein class, complex therapeutic targets, post-translational modifications, and small molecules.
"Our B cell Select platform has a proven track record of discovering large panels of high-affinity antibodies against a broad range of antibody targets, including difficult membrane proteins. Our North American B cell laboratory boasts over one decade of experience with a 94% success rate. This is, in part, why we are very confident in these collaborations, and continue to field requests from such reputable groups," said Dr. Jennifer Bath, IPA President and CEO. "We are pleased that Entos Pharmaceuticals Inc., a global leader in next generation nucleic acid-based therapies, considers us to be a trusted partner in antibody discovery."
"The team at Entos is committed to developing breakthrough medicines to address pressing clinical unmet needs," said Dr. John Lewis, CEO of Entos. "We have been extremely impressed with IPA’s B cell Select platform, which provides an ideal approach to develop therapeutic candidates."
Andy Nixon stepping down from ImmunoPrecise’s Board.
The Company also announces that board director Andy Nixon has stepped down from his duties due to an arisen conflict of interest.
ImmunoPrecise’s Chair, James Kuo, stated they "regretfully" accepted Andy’s resignation "We will miss Andy’s contribution on the ImmunoPrecise board. He is a highly qualified Director and we wish him every success in the future", Kuo said.
Erratum
In May 30th news Release Extension of Warrant Expiry Dates, the actual placement date should’ve read June 18, 2018.
"The Company also announces that it will apply to the TSX Venture Exchange to extend the expiry date of 875,000 share purchase warrants issued in a private placement financing on June 18, 2018 (see news release dated June 19, 2018). The share purchase warrants are exercisable at a price of $1.00 per share and the expiry date is being extended from June 18, 2019 to June 18, 2020. The extension of the expiry date is subject to the acceptance of the TSX Venture Exchange."