Under the terms of the Material Transfer Agreement, Bioasis will receive $500,000
GUILFORD, Conn.–(Business Wire)–Bioasis Technologies Inc. (TSX.V:BTI; OTCQB:BIOAF) (the “Company” or “Bioasis”), a pre-clinical, research-stage biopharmaceutical company developing its proprietary xB3 TM platform technology for the delivery of therapeutics across the blood-brain barrier (BBB) and the treatment of CNS disorders in areas of high unmet medical need, including brain cancers and neurodegenerative diseases, today announced a joint research collaboration with a leading pharmaceutical company.
Under the terms of the Agreement, Bioasis will manufacture an antibody-peptide conjugate containing Bioasis’ xB3 peptide for in vivo measurement in the CNS, enabling direct evaluation of the xB3 platform’s delivery capabilities.
“We are excited to be working with a leading global biopharmaceutical company with an extensive track record of successfully bringing forward innovative new therapies. Entering into this research collaboration is a significant step forward in the validation of our xB3 platform technology, and more information about this collaboration may be made available as the research progresses,” said Mark Day, Ph.D., director, president and chief executive officer. “This research collaboration provides Bioasis the opportunity to work with another premier scientific partner in addition to Prothena and further supports our efforts to positively impact disease modification of devastating neurological diseases.”
On behalf of the Board of Directors of Bioasis Technologies Inc.
Mark Day, Ph.D., Director, President & Chief Executive Officer
Bioasis Technologies Inc. is a biopharmaceutical company developing the xB3 TM platform, a proprietary technology for the delivery of therapeutics across the blood-brain barrier (BBB) and the treatment of CNS disorders in areas of high unmet medical need, including brain cancers and neurodegenerative diseases. The delivery of therapeutics across the BBB represents the final frontier in treating neurological disorders. The in-house development programs at Bioasis are designed to develop symptomatic and disease-modifying treatments for brain-related diseases and disorders. The company maintains headquarters in Guilford, Conn., United States. Bioasis trades on the TSX Venture Exchange under the symbol “BTI” and on the OTCQB under the symbol “BIOAF.” For more information about the company, please visit www.bioasis.us.
Forward Looking Statements
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Bioasis Technologies, Inc.