Corbus Pharmaceuticals Holdings Inc
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Health Care : Biotechnology | Small Cap Blend
Company profile

Corbus Pharmaceuticals Holdings, Inc. is a Phase-III, clinical-stage pharmaceutical company focused on the development and commercialization of novel therapeutics to treat rare, chronic, and serious inflammatory and fibrotic diseases. The Company operates through developing and commercializing therapeutics to treat rare life-threatening inflammatory fibrotic diseases segment. The Company's lead product candidate, lenabasum, is a novel, synthetic oral endocannabinoid-mimetic drug designed to resolve chronic inflammation and halt fibrotic processes. Lenabasum stimulates the production of Specialized Pro-Resolving Lipid Mediators (SPMs) that act to resolve inflammation, and halt fibrosis by activating endogenous pathways. The Company is developing lenabasum to treat four diseases: systemic sclerosis, cystic fibrosis, diffuse cutaneous, skin-predominant dermatomyositis and systemic lupus erythematosus (SLE).

Postmarket

Last Trade
Delayed
$1.22
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$1.22
Day's Change
0.00 (0.00%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
1.26
Day's Low
1.18
Volume
(Light)
Volume:
3,095,348

10-day average volume:
4,789,899
3,095,348

Eli Lilly to work with Bill & Melinda Gates Foundatin to get COVID antibody therapy to poorer countries

7:00 am ET October 8, 2020 (MarketWatch)
Print

Eli Lilly and Co. (LLY) said Thursday it has entered an agreement with the Bill & Melinda Gates Foundation to ensure access to Lilly's COVID-19 antibody therapy for low- and middle-income countries. The agreement is part of the COVID-19 Therapeutics Accelerator, an initiative launched by the Gates Foundation, Wellcome and Mastercard. The therapy will be manufactured at the Fujifilm Diosynth Biotechnologies facility in Denmark, where the accelerator has reserved manufacturing capacity. "Lilly has already started the manufacturing technology transfer at risk, in anticipation of regulatory authorization for its antibody therapy," the partners said in a statement. "In the interest of making supply of COVID-19 therapeutic innovations available globally as quickly as possible, Lilly will make certain volumes of its antibody therapeutic manufactured in other facilities available to lower-income countries prior to April 2021, pending the timing of regulatory authorization." Lilly shares were up 2.2% premarket, and have gained 13.3% in the year to date, while the S&P 500 has gained 5.8%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 08, 2020 07:00 ET (11:00 GMT)

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