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Abzena update on licensed product candidate

02 November 2016 07:53

Abzena notes that during the conference call to accompany Gilead Sciences Inc's announcement of third quarter earnings on 1 November, Gilead stated that no further development of simtuzumab will be pursued.

In addition, GS-5745 will not be progressed further for Crohns Disease.

This follows on from the announcement on 20 October of top line phase II clinical study results of Gilead's product, GS-4997 (selonsertib) in combination with the investigational monoclonal antibody, simtuzumab (SIM) or SIM alone, in patients with non-alcoholic steatohepatitis (NASH). Simtuzumab and GS-5745 are part of a range of products created using Abzena's Composite Human Antibody technology that its partners have been progressing in clinical development.

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