Abveris and TetraGenetics Announce Antibody Discovery Collaboration

Abveris, Inc., a leader in contract research antibody discovery, announced that it has entered into a multi-target agreement with TetraGenetics, Inc. a biopharmaceutical company developing novel antibody therapeutics for ion-channel mediated disorders. Under the terms of the agreement, the companies will leverage their proprietary technologies to discover antibodies against traditionally difficult ion channel targets chosen by TetraGenetics.

“We are pleased to be working with TetraGenetics to develop antibodies against some of the most elusive therapeutic targets,” commented Garren Hilow, CEO of Abveris. “The combined benefits of our proprietary hyperimmune platform along with TetraGenetics’ unique ion channel technology provide a significant competitive advantage for discovery of antibodies against this traditionally difficult target class.”

For the collaboration, the TetraGenetics’ TetraExpress platform will be leveraged in combination with the proprietary antibody discovery capabilities of Abveris for the discovery of diverse panels of antibodies with therapeutic potential.

“As our newest antibody partner, Abveris brings unique technology and a reputation for excellent execution to our growing list of drug discovery programs,” said Doug Kahn, CEO of TetraGenetics.