Twist nabs antibody discovery biotech Abveris for $190M a week after spinning out COVID unit – FierceBiotech

After deciding To not stick however twist its COVID-19 antibody program final week, Twist Bioscience is now snapping up an antibody drug discovery agency.

The so-referred to as synthetic DNA biotech is spending As a lot as $190 million for privately owned Abveris (typeerly Usually acknowledged as AbX Biologics) and its in vivo antibody discovery…….

After deciding To not stick however twist its COVID-19 antibody program final week, Twist Bioscience is now snapping up an antibody drug discovery agency.

The so-referred to as synthetic DNA biotech is spending As a lot as $190 million for privately owned Abveris (typeerly Usually acknowledged as AbX Biologics) and its in vivo antibody discovery providers plattype.

Its tech Is Concentrating on “creating The subsequent period of biologics, cell thperiodpies, vaccines, and diagnostics in companionship with worldwide biopharma leaders.”

Abveris’ plattype, DiversimAb, is a household of hyperimmune mouse fashions, which, beneath The mannequin new buyout, Might be humanized using the Twist antibody optimization reply to “develop superior biologics for speedy medical development,” Based mostly on the biotech.

The deal comes after Twist found a path forward for its COVID-19 antibody program, spinning the enterprise out to type startup Revelar Biothperiodpeutics and committing to investing As a lot as $10 million in seed funding.

Associated: Twist spins out COVID-19 antibody program, typeing startAs a lot as advance variant-busting candidate

“The addition of the Abveris discovery plattype is a pure match with Twist As a Outcome of It is going to complement and extend our biopharma antibody capabilities into mouse-based discovery and screening,” said Emily Leproust, Ph.D., CEO and co-Founding father of Twist.

“There are three key approaches to antibody discovery: synthetic libraries, which is the specialty of Twist; in vivo discovery by way of animal fashions; and synthetic intelligence fashions. With the anticipated acquisition of Abveris, Twist Might have expertise in every, Making a strong antibody design, discovery and screening group to serve each our companions and our inner pipeline.”

Source: https://www.fiercebiotech.com/biotech/twist-nabs-antibody-discovery-biotech-abveris-for-190m-a-week-after-spinning-out-covid-unit

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