Oncorus announces research collaboration with Daewoong Pharmaceutical

Oncorus and Daewoong Pharmaceutical announced a research collaboration for the discovery and development of novel lipid nanoparticle formulations for mRNA drug candidates. Under the terms of the collaboration, Oncorus and Daewoong will conduct joint research to identify and evaluate formulations of Daewoong’s mRNAs encapsulated in Oncorus’ proprietary LNPs. Oncorus will develop formulated drug candidates at its state-of-the-art manufacturing facility in Andover, Massachusetts. Subject to the parties’ satisfaction with the formulations and the achievement of certain study milestones specified in the research plan, Oncorus and Daewoong have agreed to commence negotiations of a potential future license and supply arrangement for the formulated product. "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 Daewoong’s RNA-based programs," said Theodore 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."