Solna, Sweden, December 1, 2015. Affibody AB announced today that it will receive a clinical milestone in connection with Daiichi Sankyo Company Limited's (hereinafter Daiichi Sankyo; headquartered in Chuo Ward, Tokyo, TSE 4568) initiation of a Phase I study.
Affibody and Daiichi Sankyo entered into a License Agreement regarding the Albumod™ platform in June, 2013. The Albumod™ platform extends the circulatory half-life of biopharmaceuticals leading to superior pharmacokinetics tailored to the disease state and increased patient compliance.
The molecule from this agreement has now entered into a Phase I study which triggers a predefined financial milestone to Affibody.
"The initiation of a clinical trial in our collaboration with Daiichi Sankyo is an important step for Affibody as collaborations are a key value driver for our company.", says David Bejker, CEO of Affibody, "At the same time it further confirms the role of our platforms in drug discovery and development."