Xencor licences Xtend XmAb technology to Vir Biotech for COVID-19 research
USA-based biotech Xencor (Nasdaq: XNCR) has entered into a technology license agreement with Vir Biotechnology (Nasdaq: VIR), in which Vir will have non-exclusive access to Xencor’s Xtend Fc technology to extend the half-life of novel antibodies that Vir is investigating as potential treatments for patients with COVID-19, the disease caused by the novel coronavirus SARS-CoV-2.
Commercial terms of the collaboration were not disclosed, but Xencor’s shares were up 5.3% at $30.30 in early trading, while Vir was down 5.3% at $29.68.
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