July 29, 2020 -- Avacta has expanded its collaboration with Daewoong Pharmaceutical to develop stem cell treatments using Avacta's neutralizing Affimer therapy for COVID-19 patients.
AffyXell Therapeutics, the next-generation cell and gene therapy joint venture between Avacta and Daewoong, will develop a novel class of mesenchymal stem cell treatments that are engineered to also produce Affimer therapies in patients at a selected site of action.
Now, the collaboration will also include the development of therapies that repair lung damage caused by COVID-19 while also producing neutralizing Affimer molecules that prevent disease progression.