Five Prime Therapeutics Licenses New Target to UCB Originating from its Proprietary Protein Discovery Platform
FIVE PRIME THERAPEUTICS (FPRX)
Last five prime therapeutics earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations:
investor.fiveprime.com/investor-relations
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Source: Business Wire
SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)-- Five Prime Therapeutics, Inc. (Nasdaq:FPRX), a clinical-stage biotechnology company focused on discovering and developing innovative immuno-oncology protein therapeutics, today announced UCB has elected to exclusively license an undisclosed drug target for inflammatory diseases. Five Prime identified the target using its discovery platform. “Our unique discovery platform is proving to be a drug target discovery engine, as evidenced by UCB’s decision to license a target we found through our customized in vivo screens and jointly developed cell based screens,” said Aron Knickerbocker, chief executive officer of Five Prime Therapeutics. “UCB is a leader in the research and development of biologics and brings tremendous expertise to this collaboration. We believe that our powerful platform is well suited to finding new pathways in complex diseases, and we’re pleased
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