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Sorrento’s and Yuhan’s Joint Venture, ImmuneOncia, receives Approval to begin clinical trial of Anti-PD-L1
Feb. 05, 2018 08:56AM PST
Biotech InvestingYuhan (KRX:000100.KS) and Sorrento Therapeutics (Nasdaq:SRNE) announce that the South Korean Ministry of Food and Drug Safety has approved ImmuneOncia Therapeutics’ (51% Yuhan/49% Sorrento joint venture formed in March 2016) IND for the initiation of clinical trials for Sorrento-discovered anti-PD-L1 monoclonal antibody STI-A1015 (IMC-001), which is exclusively licensed to ImmuneOncia for select regional markets by …
Yuhan (KRX:000100.KS) and Sorrento Therapeutics (Nasdaq:SRNE) announce that the South Korean Ministry of Food and Drug Safety has approved ImmuneOncia Therapeutics’ (51% Yuhan/49% Sorrento joint venture formed in March 2016) IND for the initiation of clinical trials for Sorrento-discovered anti-PD-L1 monoclonal antibody STI-A1015 (IMC-001), which is exclusively licensed to ImmuneOncia for select regional markets by Sorrento.
As quoted in the press release:
“We are proud to announce the acceptance of the IND by MFDS for our anti-PD-L1 antibody IMC-001. Throughout the IND-enabling activities, our team has worked collaboratively with our Sorrento colleagues to generate a high-quality submission package that was very well received by MFDS”, said Dr. Kwang Ho Cheong, CEO of ImmuneOncia Therapeutics.