|Samsung Biologics' plant 3 (Samsung Biologics)|
The South Korean firm will provide all-step CDO support from cell line development to clinical sample manufacturing and investigational new drug application, as well as produce preclinical and global clinical trial materials.
PMC-402, according to PharmAbcine, helps normalize newly formed abnormal blood vessels that feed the growth of tumors, or the condition called angiogenesis.
Yoo Jin-san, president and CEO of PharmAbcine, said that the anti-cancer qualities of PMC-402 was proven in independent research and in combination with immuno-oncology drugs.
The drug has potential to have therapeutic effects for ophthalmological malconditions such as diabetic retinopathy and age-related macular degeneration.
PharmAbcine plans to enter global phase 1 clinical trials from 2021.
By Lim Jeong-yeo (firstname.lastname@example.org)