Seeking Alpha

MissionIR's  Instablog

MissionIR
Send Message
We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices. It is our unwavering commitment to connect the investment community with companies that have great potential and a strong dedication to... More
My company:
MissionIR
My blog:
MissionIR Blog
  • IBio, Inc. (IBIO) R&D Collaborator Awarded Contract From The National Institute Of Health 0 comments
    Dec 5, 2012 5:56 PM | about stocks: IBIO

    iBio develops and offers product applications of its proprietary iBioLaunch and iBioModulator platforms, providing collaborators full support for turn-key implementation of its technology for both proprietary and biosimilar products.

    The iBioLaunch platform is technology for the development and production of biologics using transient gene expression in unmodified green plants. The iBioModulator is complementary to iBioLaunch and enables significantly improved vaccine products with higher potency and greater duration of effect.

    The company announced today that the National Institute of Allergy and Infectious Diseases (part of the National Institute of Health) has awarded a contract to one of iBio's collaborators, the Fraunhofer USA Center for Molecular Biotechnology. The contract was awarded for a new generation anthrax vaccine to be developed with the iBioLaunch platform under a research license from iBio. The first year of funding will be $1.76 million with a total contract amount of up to $9.9 million, depending on the exercise of contract options.

    In October 2012, the company received a patent covering compositions of matter and methods of producing anthrax vaccines. This added to iBio's portfolio of assets relevant to bio-defense and infectious disease product applications. Previous data published in peer-reviewed scientific journals demonstrated the effectiveness of the iBioLaunch platform for development and production of vaccine candidates for both viral and bacterial pathogens.

    For additional information on iBio and its proprietary technology, visit www.ibioinc.com

    Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html

    Stocks: IBIO
Back To MissionIR's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.