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Pierre Fabre Laboratories and RedRidge Bio Announce a Drug Discovery and Co-development Partnership

Pierre Fabre Laboratories and RedRidge Bio Announce a Drug Discovery and Co-development Partnership

CASTRES, France, CAMBRIDGE, Massachusetts and BASEL, Switzerland, March 12, 2025 /PRNewswire/ -- Pierre Fabre Laboratories and RedRidge Bio ('RedRidge') today announced an exclusive R&D collaboration and license agreement to identify and develop biparatopic antibody (BPA) drug candidates against multiple targets. In line with Pierre Fabre Laboratories' innovation strategy, the partnership's therapeutic focus will be on precision oncology as well as dermatology and rare diseases.
Under the terms of the agreement, RedRidge will provide its capabilities to engineer, screen and characterize BPAs against an undisclosed portfolio of jointly nominated targets, while Pierre Fabre Laboratories will provide their drug development expertise to help drive two co-development programs through clinical development. RedRidge will hold exclusive commercial rights in the United States, Canada, and Japan for both programs, while Pierre Fabre Laboratories will hold exclusive rest-of-world rights. In addition, Pierre Fabre Laboratories will hold exclusive worldwide rights for a third program after a hand-off by RedRidge at a preclinical stage.
Financial terms of the agreement are not disclosed but include investment participation by Pierre Fabre Laboratories in RedRidge's Series A financing that will be announced separately, as well as upfront, milestone and future sales royalty payments in addition to funded research payments for Pierre Fabre Laboratories' worldwide program. RedRidge and Pierre Fabre Laboratories will share R&D costs for the co-development programs.
'This strategic alliance attests to the RedRidge team's expertise in innovation and drug discovery for a wide variety of therapeutic targets. We are thrilled to join forces with Pierre Fabre Laboratories as a highly experienced development partner and look forward to building a long-term partnership that synergistically leverages the capabilities of each company,' said Alex Mayweg, PhD, chairperson of RedRidge's board and a managing director at Versant Ventures.
'Pierre Fabre Laboratories are excited to enter into this agreement with RedRidge, which confirms our commitment to collaborate with innovative biotechnology companies. This partnership will allow us to capitalize on RedRidge's cutting-edge expertise in biparatopic antibody drug discovery to deliver high quality clinical candidates on multiple targets addressing oncology, dermatology and rare diseases. It represents a significant milestone in the implementation of our strategy to enrich further our R&D pipeline,' stated Francesco Hofmann, PhD, Head of Research and Development for Medical Care at Pierre Fabre Laboratories.'

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Vivani Medical Appoints Anthony Baldor as Chief Financial Officer

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ABRDN INCOME CREDIT STRATEGIES FUND 5.25% SERIES A PERPETUAL PREFERRED SHARES DECLARE QUARTERLY DIVIDEND
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ABRDN INCOME CREDIT STRATEGIES FUND 5.25% SERIES A PERPETUAL PREFERRED SHARES DECLARE QUARTERLY DIVIDEND

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But long term TRIDEC wants the additional generation that would be provided by advanced nuclear projects to meet power production demand created by Washington state's decarbonization goals, companies looking for large electric loads for data centers and new large industries, he said. Public comments submitted to BPA on the proposed project have focused on support for the project and concerns about the location of the project from the Leslie Road Substation in Richland to several miles to the west. BPA is considering one route for that section of the project that would follow railroad tracks from near Kennewick's Cottonwood Elementary along East Badger Road. A second alternative to the north of East Badger Road would parallel the north side of a Kennewick Irrigation District canal. The draft environmental assessment of the project found the railroad route to be the best option, but BPA is not bound to that recommendation. The railroad option would disturb less vegetation and wildlife than the canal option's route through 680 acres of high quality shrub steppe habitat, the draft assessment found. Landowners along the canal option route have opposed that option, saying some of their land would be needed for the project. It includes part of the six acres where Linda Utley has a greenhouse and other farming operations to grow plants, berries and florals for her shop, the Badger Canyon Tea Co. in Kennewick. The Utleys have lived in Badger Canyon for more than 50 years, the last 30 years at their current location. The Utley home would be 250 feet from transmission lines, which would run along two sides of her property because the route turns there, she said. Humming from the lines could create a sound problem, she said, Arleen Fetrow said her house would be even closer at 150 feet from transmission lines. Utley is also concerned about preserving 250 30-year-old Austrian pines that line the private gravel road that provides access to homes along that section of the canal. The public can comment on the transmission line project's draft environmental assessment, including whether it should use the railroad or canal route, until June 21. Call 800-622-4519 or post online at Written comments may be sent to Bonneville Power Administration; Communications – DKS-7; P.O. Box 14428; Portland, OR 97291-4428.

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