BUZZ-Climb Bio rises on antibody license deal with Beijing Mabworks

Reuters

01-10

BUZZ-Climb Bio rises on antibody license deal with Beijing Mabworks

** Biotech firm Climb Bio's CLYM.O shares rise ~16% to $2.17

** CLYM announces license deal with Beijing Mabworks Biotech Co Ltd in a filing

** CLYM buys exclusive right to develop, manufacture, and commercialize Mabworks' MIL116 antibody outside of China, Hong Kong, Macau, and Taiwan, with non-exclusive rights for global clinical studies in those regions

** MIL116, now called CLYM116, is an antibody developed by Mabworks for treating autoimmune diseases, including IgA nephropathy and B-cell mediated diseases

** Autoimmune diseases occur when the immune system attacks the body's own tissues

** CLYM will pay Mabworks $9 mln upfront and up to $832 mln upon reaching certain commercial milestones

** Mabworks has the first right to develop and sell the antibody in China - filing

** CLYM fell 35.7% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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filing</p><p>** CLYM fell 35.7% in 2024</p><p> (Reporting by Kamal Choudhury in Bengaluru)</p><p> ((Kamal.Choudhury@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLYM","symbol_name":"CLIMB BIO INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250110:nL4N3O610J:1","article_id":"2502860910","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502860910","pubTimestamp":1736521733,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Climb Bio rises on antibody license deal with Beijing Mabworks** Biotech firm Climb Bio's CLYM.O shares rise ~16% to $2.17** CLYM announces license deal with Beijing Mabworks Biotech Co Ltd in a filing** CLYM buys exclusive right to develop, manufacture, and commercialize Mabworks' MIL116 antibody outside of China, Hong Kong, Macau, and Taiwan, with non-exclusive rights for global clinical studies in those regions** MIL116, now called CLYM116, is an antibody developed by Mabworks for treating autoimmune diseases, including IgA nephropathy and B-cell mediated diseases** Autoimmune diseases occur when the immune system attacks the body's own tissues** CLYM will pay Mabworks $9 mln upfront and up to $832 mln upon reaching certain commercial milestones** Mabworks has the first right to develop and sell the antibody in China - 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