Another Clinical Asset Using ProBioGen's GlymaxX® Technology Begins Phase III

BERLIN, Germany, January 26, 2023 / B3C newswire / -- ProBioGen today announced that a Novartis clinical candidate using its antibody-dependent cellular cytotoxicity (ADCC) technology, GlymaxX, has reached Phase III.

ProBioGen's mission is to contribute towards the development of medicines against complex diseases. Therefore, ProBioGen wants to particularly emphasize that GlymaxX is also being used in late stage clinical trials of several other pharmaceutical partners and numerous top pharma companies alongside many biotech's have in-licensed GlymaxX and are also tapping its potential. GlymaxX is available under a non-exclusive license.

As the candidate has reached Phase III, ProBioGen is eligible to receive a milestone payment from Novartis. Further financial details are not disclosed.

"Having our GlymaxX technology in yet another phase III trial with a top pharma player is an important milestone for us. This shows again the great potential of GlymaxX in generating highly efficacious molecules for patients in need", said Dr. Gabriele Schneider, Chief Business Officer at ProBioGen.