Ginkgo, Agenus win $31M contract to research adjuvants [Seeking Alpha]
Agenus Inc. (AGEN)
Last agenus inc. earnings: 3/12 07:30 am
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Source: Seeking Alpha
U.S. government to develop next-generation vaccine adjuvants, the companies announced Thursday. While Ginkgo ( DNA ) shares gained after the announcement, Agenus ( AGEN lost ~34% during regular trading after the immuno-oncology company announced a 1-for-20 reverse stock split to remain compliant with Nasdaq listing requirements. The Defense Threat Reduction Agency (DTRA), a division under the U.S. Department of Defense, has awarded the five-year contract. Per the terms, Ginkgo ( DNA ) and SaponiQx will design adjuvants using the latter's adjuvant-generating platform. Adjuvants are designed to improve vaccine efficacy. SaponiQx's saponin-based adjuvant, Stimulon QS-21, is a key component in shingles, malaria, and respiratory syncytial virus (RSV) vaccines. Cell platform company Ginkgo ( DNA ) first partnered with SaponiQx for adjuvant-related studies in 2021. "We're very excited by this opportunity to strengthen and expand the SaponiQx-Ginkgo partnership and to work with DTRA
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AGEN
Earnings
- 3/14/24 - Miss
AGEN
Analyst Actions
- 3/18/24 - HC Wainwright
AGEN
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 4/22/24 - Form 4
- AGEN's page on the SEC website