Pfenex and Arcellx Announce a Development, Evaluation and License Agreement
PFENEX INC (PFNX)
NASDAQ:AMEX Investor Relations:
pfenex.com
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Source: GlobeNewswire
First Arcellx sparX protein successfully completed process development using Pfenex Expression Technology® platform Second sparX program initiated by Arcellx SAN DIEGO, Aug. 01, 2019 (GLOBE NEWSWIRE) -- Pfenex Inc. (NYSE American: PFNX) and Arcellx, Inc. today announced a Development, Evaluation and License agreement under which Arcellx gains access to the proprietary Pfenex Expression Technology® platform to advance multiple proprietary sparX proteins that activate, silence and reprogram Antigen- Receptor Complex T cell based therapies. Pfenex has successfully completed expression screening and process development activities for the first sparX program. Technology transfer of the program to a cGMP manufacturing facility is underway. The success of the first program has encouraged both parties to initiate a second sparX program, both programs are focused on the treatment of hematologic malignancies. Under the terms of the agreement, Pfenex is eligible to receive development fu
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