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Genprex clinches deal with Aldevron to supply plasmid DNA for lung cancer-fighting therapy

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The clinical-stage gene therapy company Genprex Inc (NASDAQ:GNPX) has reached a deal with Aldevron, a contract manufacturer, to receive a supply of TUSC2 (Tumor Suppressor Candidate 2) plasmid DNA for use in its clinical development program, which is evaluating its therapy Oncoprex for the treatment of non-small cell lung cancer.

The agreement paves the way for Genprex to acquire more plasmid DNA vectors for its expanding clinical program, which is analyzing the utility of Oncoprex as a cancer-fighting therapy.

Investors welcomed the news, sending Genprex shares up 5% to $2.34 in Thursday’s morning trading session.

Read: Genprex licenses additional cancer-fighting technologies from University of Texas

“Plasmid DNA plays an important role in the delivery of gene therapies into target cells,” said Rodney Varner, chairman and CEO of Genprex. “Aldevron is a leading plasmid manufacturer that offers world-class laboratory and manufacturing programs.”

“Through this agreement, we have established a GMP-validated supply of plasmid DNA vectors for our expanding clinical program evaluating the utility of Oncoprex in combination with some of the most promising new therapies for cancer,” Varner added.

Headquartered in Fargo, North Dakota, Aldevron serves the biotech sector by offering custom production of nucleic acids, proteins and antibodies. Thousands of its clients use Aldevron-produced plasmids, RNA and gene editing enzymes for projects ranging from discovery research and clinical trials to commercial applications.

Based in Austin, Texas, Genprex, meanwhile, is making great strides toward developing its non-small-cell, lung cancer-fighting, gene-therapy drug Oncoprex. Last March, the company went public, raising $6.4 million. The biopharma is using the funds to continue clinical trials and accelerate development programs into additional drug combinations.

Story by ProactiveInvestors


Source: http://www.proactiveinvestors.com/companies/news/205888/genprex-clinches-deal-with-aldevron-to-supply-plasmid-dna-for-lung-cancer-fighting-therapy-205888.html


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