ExpreS2ion Biotechnologies: Large grant, first sign of new strategy working
Today, ExpreS2ion Biotechnologies could announce that they together with partners have been awarded a grant with the The aim is to obtain clinical proof-of-concept of a Nipah virus (NiV) vaccine candidate within four years. The total grant is amounting to 8 million EUR, approximately 90 million SEK.
EK, to the VICI-Disease consortium, of which 53% is direct contribution for ExpreS2ion’s part of the project costs.
https://view.news.eu.nasdaq.com/view?id=b2efd867524d809a6623e12e8790fd4d6&lang=en&src=listed
The grant represents a not insignificant non-dilutive funding of the cost base in the coming years and is first good sign to investors to understand the new business model, which is about leveraging their product platform to go after assets with shorter development timelines and maybe more importantly with a path to value creation without need for diluting funding.
ExpreS2ion Biotechnologies is a Danish pharmaceutical company, which focuses on the development of vaccines through the use of its non-viral Drosophila S2 cells-based expression system.
Disclaimer: HC Andersen Capital receives payment from ExpreS2ion Biotechnologies for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 10.55, 1 December 2023.
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ExpreS2ion Biotech Holding
ExpreS2ion is a Danish-based biotech company listed in Sweden. The company develops a portfolio of vaccines for diseases such as COVID-19, influenza, and breast cancer through the use of its non-viral cell-based expression system, ExpreS2, which is recognized for handling protein challenges. ExpreS2ion has developed Expres2, which is a technology platform for efficient and fast non-clinical development and production of complex proteins for new vaccines and diagnostics. The company’s current primary product is the corona vaccine candidate, ABNCoV2 in phase 2, co-developed with its partner, AdaptVac of which ExpreS2ion owns 34%. The vaccine candidate has been licensed to Bavarian Nordic has global commercialization rights and responsibility for further clinical development of the vaccine and is expected to initiate phase 3 testing for the product candidate in the first half of 2022.
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