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Pharma Tech Outlook | Wednesday, February 01, 2023
Oncorus and Daewoong Pharmaceutical collaborate to research lipid nanoparticle formulations for mRNA drug candidates.
FREMONT, CA: "This collaboration is important validation for our proprietary LNP platform, which is comprised of both novel ionizable amines and cleavable PEG lipids for both intravenous and intramuscular administration, and we are excited to develop novel LNP formulations for Daewoongs RNA-based programs," said Theodore (Ted) Ashburn, M.D., Ph.D., President and Chief Executive Officer of Oncorus. "With our optimized LNPs and manufacturing capabilities, Oncorus is uniquely positioned to partner with companies like Daewoong that are developing novel, RNA-based therapeutics that would benefit from optimized LNP formulations. We look forward to working closely with the Daewoong team on the first of hopefully many similar partnerships to come."
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One of the leading pharmaceutical companies, Daewoong Pharmaceutical, reveals a research collaboration with Oncorus to work towards the discovery and development of novel lipid nanoparticle (LNP) formulations for mRNA drug candidates. An RNA medicines company, Oncorus, develops self-amplifying RNA for intravenous administration for cancer patients while aiming to improve outcomes. The collaboration will involve Oncorus and Daewoong identifying and evaluating forms of Daewoong's mRNA encapsulated in Oncorus' proprietary lipid nanoparticle (LNP).
Oncorus will develop formulated drug candidates in Massachusetts. Oncorus and Daewoong have agreed to begin negotiating potential future license and supply arrangements for the formulated product once the parties meet the formulations and milestones specified in the research plan.
"mRNA is now known to be a powerful tool in our ability to fight many diseases," said Sengho Jeon, Chief Executive Officer of Daewoong. "Oncorus offers a robust solution to enabling mRNA delivery through the pairing of its proprietary LNP technology and in-house process development, with the capacity to manufacture a successful mRNA/LNP formulation on both clinical and commercial scales. We are excited to work with Oncorus to optimize our mRNA drug delivery as we work to improve the quality of life for patients around the world."
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